Jansen Company's general ledger showed a checking account balance of $24,220 at the end of May...
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Jansen Company's general ledger showed a checking account balance of $24,220 at the end of May 2021. The May 31 cash receipts of $2,380, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2021, showed bank service charges of $42. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $1,930. Required: Prepare a bank reconciliation as of May 31, 2021. [Hint. You will need to compute the balance that would appear on the bank statement] Bank Reconciliation Bank Balance to Corrected Balance Balance per bank statement Corrected cash balance On Ones to Cometed Dinner Jansen Company's general ledger showed a checking account balance of $24,220 at the end of May 2021. The May 31 cash receipts of $2,380, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2021, showed bank service charges of $42. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $1,930. Required: Prepare a bank reconciliation as of May 31, 2021. [Hint. You will need to compute the balance that would appear on the bank statement] Bank Reconciliation Bank Balance to Corrected Balance Balance per bank statement Corrected cash balance On Ones to Cometed Dinner
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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