Question: I only need help with the two I missed!:) 1 Balance per Cash account, June 30. $7,039.80 2 Balance per bank statement, June 30. $7,300.25

I only need help with the two I missed!:) 1 Balance perI only need help with the two I missed!:)

1 Balance per Cash account, June 30. $7,039.80 2 Balance per bank statement, June 30. $7,300.25 3 Deposits not reflected on bank statement. $950 4 Outstanding checks, June 30. $1,260.45 5 Service charge on bank statement not recorded in books $35 6 Error by bank-Yertel Company check charged on $375 Young Company's bank statement. 7 Check for advertising expense $260 incorrectly recorded in books as $620 YOUNG COMPANY Bank Reconciliation June 30 Balance from general ledger Ending Balance from bank stat $ 7,300.25 $ 7,039.8 950 Add: Check Add: Deposits not credited by b 260 Bank error- Yertal Company check 620 360 Add: recor charged against Young Company's account 375 Less: Service charge Less: Outstanding checks (1,260.45) 360 Reconciled cash balance $ 7,364.8 7,364.8 Reconciled cash balance Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!