Question: Please show all work Using the following information, prepare a bank reconciliation for Munoz Company for May 31, 2022. a. The bank statement balance is

Please show all work

Using the following information, prepare a bank reconciliation for Munoz Company for May 31, 2022.

a. The bank statement balance is $8,300.

  1. The cash account balance is $6,562
  2. Outstanding checks totaled $1,950.
  3. Deposits in transit are $600.
  4. The bank service charge is $12.
  5. Collection of note by bank, $400.

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!