Bank Reconciliation

NOTE: This is a random month during Yr$6.$ The balances do NOT relate to the rest of the project!!!

Additional Information:

Safety First last bank reconciliation was completed April $30,$ Y$6.$ There were two outstanding checks in that

reconciliation:

Check #$1780$ for $$1,425\mathrm{.}90$

Check #$1771$ for $$781\mathrm{.}00$

Additional Information for May Reconciliation:

a$)$ Check #$1788$ is correctly drawn for $$654\mathrm{.}00$ to pay for May utilities; however, the recordkeeper misread

the amount and entered it in the accounting records with a debit to Utilities Epxense and a credit to Cash for

$$644\mathrm{.}00.$ The bank paid and deducted the correct amount.

b$)$ The NSF check shown in the bank statement was originally received from a customer, Suave, Inc. in

payment for services provided. $($Suave honored the check when notified of the problem in June Y$6).$

c$)$ The collection of the note on May $25$ has not get been recorded by the company.