•     Balance as per the bank statement is $11,240.

•     Balance as per books is $10,200.

•     Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement.

•     A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated.

•     A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashland Company on June 13.

•     A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20.

•     The bank statement indicated service charges of $20.

                                             Ashland Company

                                           Bank Reconciliation

                                                 June 30, 2017

                       Bank                                                        Book                      

Balance, June 30, 2017            $ xx            Balance, June 30, 2017      $ xx

ADD:                                                            ADD:

1. Deposit in transit                       xx            4. Note collected by bank       xx

                                                                     5. Interest revenue                 xx

LESS:                                                          LESS:

2. Outstanding check #506          xx           6. NSF check                          xx

3. Outstanding check #510         xx             7. Bank service charge           xx

Adjusted balance,                                     Adjusted balance, 

June 30, 2017                           $ xx             June 30, 2017                     $ xx

The following information is needed to reconcile the cash balance for Jackson Lawn Services.

•    A deposit of $5,800 is in transit.

•    Outstanding checks total $1,500.

•    The book balance is $6,800 at February 28, 2017.

•    The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.

•    The bank balance at February 28, 2017 was $18,000.

•    A deposit of $400 was credited by the bank for $4,000.

•    A customer's check for $3,700 was returned for nonsufficient funds.

•    The bank service charge is $60.

Based on this information, prepare a bank reconciliation for Jackson Lawn Services as of February 28, 2017.

Bank                 Book                                                    

Balance, February 28, 2017      $xx            Balance, February 28, 2017 $xx

Add:                                                             Add:

Deposit in transit                          xx            Correction of book error         xx

Less:                                                            Less:

Outstanding checks                      xx           NSF check                              xx

Correction of bank error               xx            Bank service charge               xx

                                        _________                                            _________

Adjusted balance                                      Adjusted balance 

February 28, 2017                     $xx            February 28, 2017                $xx