Using the following information, prepare a bank reconciliation for Salem Co for May 31, 2010 (a) The bank statement balance is $2,597 (b) The cash account balance is $2,680 (c) Outstanding checks amounted to $703 (d) Deposits in transit are $732 (e) The bank service charge is $25 (f) Interest added to the checking account by the bank is $7 (g) A check drawn for $59 was incorrectly charged by the bank as $95

Question: Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2010 (a) The bank statement balance is $2,597. (b) The cash

Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2010

(a) The bank statement balance is $2,597.

(b) The cash account balance is $2,680.

(d) Deposits in transit are $732.

(e) The bank service charge is $25.

(f) Interest added to the checking account by the bank is $7.

(g) A check drawn for $59 was incorrectly charged by the bank as $95.

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