Chapter 4 Bank Reconciliation

Chapter 4 Bank Reconciliation - $31,460 Outstanding Checks...

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You have just received the bank statement from your bank and have the following information available: Ending Balance on the statement: $28,125 Automated payment on loan $ 4,550 Bank Fees $ 100 Returned Check $ 575 Your books report the following information: Balance
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Unformatted text preview: $31,460 Outstanding Checks $ 9,800 Outstanding deposits $ 8,000 Additionally, you discover that a check received for an account receivable for $875 was recorded in the books as $785. Prepare a bank reconciliation Bank Reconciliation Example...
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This note was uploaded on 07/02/2011 for the course ACCT 225 taught by Professor Canace during the Spring '08 term at South Carolina.

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