Refer to the information given below: a. The August 31 balance shown on the bank statement...

 

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Refer to the information given below: a. The August 31 balance shown on the bank statement is $9,822. b. There is a deposit in transit of $1,260 at August 31. c. Outstanding checks at August 31 totaled $1,908. d. Interest credited to the account during August but not recorded on the company's books amounted to $113. e. A bank charge of $36 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $624 had been recorded as a disbursement of $347. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,374. Required: Prepare a bank reconciliation as of August 31 from the above information. Bank Reconciliation August 31 Balance per bank Balance per books Add: Add: Deduct: Deduct: Reconciled balance Reconciled balance Refer to the information given below: a. The August 31 balance shown on the bank statement is $9,822. b. There is a deposit in transit of $1,260 at August 31. c. Outstanding checks at August 31 totaled $1,908. d. Interest credited to the account during August but not recorded on the company's books amounted to $113. e. A bank charge of $36 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $624 had been recorded as a disbursement of $347. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,374. Required: Prepare a bank reconciliation as of August 31 from the above information. Bank Reconciliation August 31 Balance per bank Balance per books Add: Add: Deduct: Deduct: Reconciled balance Reconciled balance

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