You have received the bank statement for your company\'s account and need to rec

Question

You have received the bank statement for your company's account and need to reconcile it with your general ledger cash account. Your records show an ending balance for the month of $12,722.40 while the bank's records show an ending balance of $12,367.16.

  The bank charged $8 in service fees and paid $26.05 in interest. All but three checks written during the month were processed by the bank without incident during the month. The three exceptions were:

Check #841 was correctly processed by the bank as $981.27 but was mistakenly recorded by you as $781.27.

   All but two of the deposits made during the month were processed by the bank without incident. The two exceptions were:

Using the information provided above, prepare a bank reconciliation. (Round your answers to 2 decimal places.)

You have received the bank statement for your company's account and need to reconcile it with your general ledger cash account. Your records show an ending balance for the month of $12,722.40 while the bank's records show an ending balance of $12,367.16.

Explanation / Answer

Bank balance                     $12,367.16              Company

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