The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for

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The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:

a. Cash balance according to the company's records at August 31, $14,190.

b. Cash balance according to the bank statement at August 31, $18,330.

c. Checks outstanding, $5,710.

d. Deposit in transit, not recorded by bank, $2,150.

e. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810.

f. Bank debit memo for service charges, $50.

Prepare a bank reconciliation, using the format shown in Exhibit 8.

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:24 AM

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The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for

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