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Question

30. (9 points)  

The unadjusted cash account balance for Simone Company at December 31, 2019 is

$54,200. The bank statement showed an ending balance of $56,447 at December 31, 2019. The following information is available:

Bank service charge               $    45

      Outstanding checks  $ 10,400

      NSF check from customer  $   540

Deposit in transit  $  7,600

Interest earned  $    32

Required:

make a bank reconciliation for December 31, 2019.





















  (2) What amount will be shown on the Balance Sheet for Cash at December 31, 2019?  


$ ______________

Top Answer

PLEASE NOTE: Add interest earned and subtract bank charges and NFS cheque to obtain adjusted... View the full answer

tutor brs 1-1.jpg

ADJUSTED CASH BOOK
$
S
Bal b/d
54,200 Bank charges
45
Interest earned
32 NFs cheque
540
Bal c/d
53,647
54,232
54,232
Balance b/d
53,647
BANK RECONCILIATION STATEMENT FOR DECEMBER 2109
$
S
Balance...

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