Prepare a bank reconciliation for March 31, 2012, given the following

A. The bank statement balance is $4,000

B. The cash account balance is $3,000

C. The Outstanding checks total $1,500

D. Deposits in transit are $500

E. The bank service charge is $20

F. Interest reported on the bank statement was $10

G. A check for $10 was recorded as $100 in the ledger

H. A NSF for $80 was returned with the statement. This was not known until it came in the bank statement.

Answer rating: 100% (QA)

Heres a bank reconciliation for March 31 2012 based on the given information 1 Bank statement balanc... View the full answer