00 AT&T; 8:54 PM * 31% ezto.mheducation.com Unit 5-Chapter 5 Assignment ACC 111

Question

00 AT&T; 8:54 PM * 31% ezto.mheducation.com Unit 5-Chapter 5 Assignment ACC 111 Mod 3 2016 9 instructions help Save & Exit | Submit Question 1 (of 3) 10.00 points Use the following bank statement and T-account to prepare the May 31 bank reconciliation BANK STATEMENT Date May 1 Checks Deposits #2 $45 12 #4 135 28 #5 55 30#650 May 31 #8 90 S 340 380 160 105 395 265 $85 NSF Check $85 Service charge 40 Cash (A) May 1 May 3 340 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 85 45 105 135 50 May 29 May 30 340 60 220 90 May 31 445 May 31 Bank Statement Company's Books Ending Balance per Bank Statement Ending Balance per Cash Account EFT Payment EFT Payment Deposit in Transit 105 150 85 135 Outstanding Checks #4 Outstanding Checks #5 Outstanding Checks #6 Outstanding Checks #8 Up-to-Date Cash Balance Bank Service Charges NSF Check 85 50 330 125 (245) Up-to-Date Cash Balance 470 eBook & Resources eBo ntr tr bank statements he

Explanation / Answer

Companies Book Ending Balance as Per Cash Account 445 Additions EFT Payment 105 EFT Payment 60 165 610 Dedutions Bank Service Charge 40 NSF Check 85 Deposit in transist 220 345 265 Bank Statement Ending Balance as per Bank Statement 265 Additions Bank Service Charge 40 NSF Check 85 Deposit in transist 220 345 610 Dedutions Outstanding Check 3 105 Outstanding Check 7 60 165 445

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