3. 8 pnts Using the following information, prepare a bank reconciliationfor Goug
ID: 2444410 • Letter: 3
Question
3.
8 pnts
Using the following information, prepare a bank reconciliationfor Gouge Company for July 31, 2005.
a.
The bank statement balance is $3,506.
b.
The cash account balance is $3,630
c.
Outstanding checks totaled $1,085.
d.
Deposits in transit are $1,170.
e.
The bank service charge is $30.
f.
A check for $98 for supplies was recorded as $89 in theledger.
3.
8 pnts
Using the following information, prepare a bank reconciliationfor Gouge Company for July 31, 2005.
a.
The bank statement balance is $3,506.
b.
The cash account balance is $3,630
c.
Outstanding checks totaled $1,085.
d.
Deposits in transit are $1,170.
e.
The bank service charge is $30.
f.
A check for $98 for supplies was recorded as $89 in theledger.
Explanation / Answer
Gouge Company Bank Reconciliation July 31,2005 Balance perBank 3,506 Add Deposit intransit 1,170 Less Outstandingchecks (1,085) Adjusted Bank Balance , July 31,2005 3,591 Balance perBooks 3,630 Less Bank service charge (30) Adjustment in ledger (98-89 =9) (9) Adjusted Book Balance, July31,2005 3,591
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.