Prepare a bank reconciliation for Abell Co for May 31, 2011, using the information below

a	The balance on the bank statement is $2,497.
b	The cash account balance is $2,580.
C	Outstanding checks worth $703.
d	Deposits in transit are $732.
mi	The bank service charge is $25.
F	The interest added to the checking account by the bank is $7.
g	The bank incorrectly charged a check written for $59 as $95.

Answer rating: 100% (QA)

To prepare a bank reconciliation for Abell Co as of May 31 2011 we need to compare the companys cash ... View the full answer