Question: PLEASE COMPLETE THIS PROBLEM USING THE SAME EXACT TABLE I PROVIDED AND IN THE SAME EXACT ORDER!!! Comprehensive Problem 3 Part 2: The following is

PLEASE COMPLETE THIS PROBLEM USING THE SAME EXACT TABLE I PROVIDED AND IN THE SAME EXACT ORDER!!!

Comprehensive Problem 3 Part 2:

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.

Note: You must complete part 1 before completing part 2.

Based on the following data, prepare a bank reconciliation for December of the current year:

a. Balance according to the bank statement at December 31, $283,000. b. Balance according to the ledger at December 31, $245,410. c. Checks outstanding at December 31, $68,540. d. Deposit in transit, not recorded by bank, $29,500. e. Bank debit memo for service charges, $750. f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000.

Kornett Company Bank Reconciliation December 31, 20Y8
Cash balance according to bank statement $
Add deposit in transit, not recorded by bank
Deduct outstanding checks
Adjusted balance $
Cash balance according to bank statement $
Deduct:
Bank service charges $
Error in recording check
Adjusted balance $

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