Question: oblem 3 ( 25 marks) Using the following information, prepare a bank reconciliation for Dunbar Associates for August 31, 2017: - The bank statement balance

oblem 3 ( 25 marks) Using the following information, prepare a bank reconciliation for Dunbar Associates for August 31, 2017: - The bank statement balance is $4,690. - The cash account balance is $5,080. - Outstanding checks amounted to $715. - Deposits in transit are $1,020. - The bank service charge is $40. - A check for $72 for supplies was recorded as \$27 in the ledger. Required Prepare bank reconciliation and journalize the entries
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
