Exercise 2

Instructions: Prepare a bank reconciliation.

Roper Electronics received your bank statement for the month of August with an ending balance of $11,740. Roper determined that check #613 for $155 and check #601 for $420 were outstanding. Additionally, a $6,900 deposit for August 30 was in transit at the end of the month. Northern Regional Bank also collected a $5,000 note receivable on August 1 that was issued on March 1. Accrued interest is $250. Northern Regional Bank charged a fee of $35 for the collection service. The bank statement reveals a bank service charge of $20. A customer check for $68 was returned with the bank statement marked "NSF." Roper's ending cash account balance is $12,938.