Question: there isnt answer called deposite in transite it needs another name. 5 Exercise 6-14 Bank reconciliation LO P3 16,66 points sed Weight Company's cash account
5 Exercise 6-14 Bank reconciliation LO P3 16,66 points sed Weight Company's cash account shows a $29.300 debit balance and its bank statement shows $27.600 on deposit at the close of business on May 31, a. The May 31 bank statement lists $190 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,500. c. May 31 cash receipts of 57100 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement d. In reviewing the bank statement, a $490 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $420 NSF check from a customer, the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information, Book Hint Pro WRIGHT COMPANY Bank Reconciliation May 31 Book balance Add: Bank statement balance Add 0 0 Deduct 0 Doduct 0 Adjusted bank balance 0 0 Adjusted book balance $ $
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