Question: ][ My Apps Dashboard | sctech_de X Lesson 7: Internal Controls and X My Home takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inp eBook Bank reconciliation and entries Show Me
][ My Apps Dashboard | sctech_de X Lesson 7: Internal Controls and X My Home takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inp eBook Bank reconciliation and entries Show Me How Instructions Chart of Accounts Labels and Amount Descriptions Banl Instructions The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During O bank statement indicated a balance of $8,980 on October 31, 20Y9. Comparing the bank statement, following reconciling items: a. Checks outstanding totaled $3,260. b. A deposit of $2,450 representing receipts of October 31 had been made too late to appear on c. The bank had collected for Coastal Bike Co. $5,300 on a note left for collection. The face of th d. A check for $460 returned with the statement had been incorrectly charged by the bank as $64 e. A check for $430 returned with the statement had been recorded by Coastal Bike Co. as $340 to Rack Pro Co. on account. f. Bank service charges for October amounted to $50. g. A check for $605 from Bay View Condos was returned by the bank due to insufficient funds. Check My Work 5 6 A
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
