Prepare the bank reconciliation at June 30 for Golden Image, Inc. What is your adjusted bank/book balance?

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3. The following information is available for Golden Image, Inc.: . The bank statement indicated a monthly service charge of $200. Golden Image made a deposit of $2,660 on June 30, but this deposit did not appear on the bank statement until July 6. The bank collected an account receivable of $900 from one of Golden Image's customers. The bank also collected interest revenue for Golden Image of $99. The bank also returned a nonsufficient funds check for $378 from John Able, one of Golden Image's customers. Checks #1874 for $1,140, #1898 for $609, and #1899 for $875 were written by Golden Image and sent to the respective companies, but these checks do not appear on the bank statement. The balance on the bank statement as of June 30 was $16,711. On June 30, the Cash account from Golden Image's books showed an amount of $16,326. 3. The following information is available for Golden Image, Inc.: . The bank statement indicated a monthly service charge of $200. Golden Image made a deposit of $2,660 on June 30, but this deposit did not appear on the bank statement until July 6. The bank collected an account receivable of $900 from one of Golden Image's customers. The bank also collected interest revenue for Golden Image of $99. The bank also returned a nonsufficient funds check for $378 from John Able, one of Golden Image's customers. Checks #1874 for $1,140, #1898 for $609, and #1899 for $875 were written by Golden Image and sent to the respective companies, but these checks do not appear on the bank statement. The balance on the bank statement as of June 30 was $16,711. On June 30, the Cash account from Golden Image's books showed an amount of $16,326.

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To reconcile Golden Image Incs Cash account with the bank statement we need to account for the diffe... View the full answer