Question: Chapter 7 Test Question Content Area The balance in the checking account of York Company as of July 31 is $5,852.16. The bank statement shows
Chapter 7 Test Question Content Area The balance in the checking account of York Company as of July 31 is $5,852.16. The bank statement shows an ending balance of $4,870.00. The following information is discovered by comparing checks deposited and written and noting service charges and other debit and credit memos shown on the bank statement. Deposits in transit: 7/23 $220.00 7/27 615.00 Outstanding checks: No. 530 $120.00 No. 531 36.00 No. 532 278.30 Unrecorded ATM withdrawal: 7/30 $540.00 Bank service charge $ 42.00 Error on check no. 954 Recorded in checkbook as $83.82, but was actually written for $83.28, and cleared the bank correctly. Required: Determine the ending balances to reconcile the bank statement and checkbook. When required, enter amounts in dollars and cents. York Company Bank Reconciliation July 31, 20-- Bank statement balance $fill in the blank 1 Deposit in transit - Select - Adjusted bank statement balance $fill in the blank 6 blank Book balance $fill in the blank 7 - Select - - Select - - Select - Adjusted book balance $fill in the blank 14
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