COMMUNITY Outlook COLLEGE oad Edit and reply Accessibility Mode Print Problem 2:

Question

COMMUNITY Outlook COLLEGE oad Edit and reply Accessibility Mode Print Problem 2: (10 Points) The following information is needed to reconcile the cash balance for Jackson Lawn Services A deposit of $5,800 is in transit. Outstanding checks total $5,100. The book balance is $6,800 at February 28, 2017 The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent. The bank balance at February 28, 2017 was $18,000. A customer's check for $3,700 was returned for nonsufficient funds. The bank service charge is $60 " · Based on this information prepare a bank reconciliation for Jackson Lawn Services as of February 2017

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Cash balance per books                    6,800.00 Deposit in transit                 (5,800.00) Outstanding cheques                    5,100.00 Wrong entry in books = 17,400 - 1740                 15,660.00 NSF Check from Customer                 (3,700.00) Bank service charge                       (60.00) Cash balance per bank                 18,000.00

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