he checking acco nt at n Enter ses as o November 3 is S2 964 The bank st e en sh

Question

he checking acco nt at n Enter ses as o November 3 is S2 964 The bank st e en sho s an end ng balance of S2 525 The following info nation is discovered b nt en per book8 and per bank in the a rent month, and (3) noting service charges and other debt and edit mer oe shown on he bank sta ement. Th book balance i 1 com ar? g last mon rs deposits in transit and outstanding checks with his mor bank ment 2 compa n deposits and check Deposils in transit 11/29$125 11/30200 No. 322 No. 324 105 No. 32754 Outstanding checks Bank service charge NSF check Eror on Check No. 321 Checkbook shows was for S64, but it was actualy written for S44. Accounts Payable was debited. was debited. Funds were withdrawn by Susan Kyri for personal use. Required 1. Arepare a tank reconciwation as of November 20, 2 2. Frepare me reguvwed joungl entnes

Explanation / Answer

Solution:

Solution 2:

Kyri Enterprises Bank Reconciliation Particulars Amount Bank Statement balance, November 30 $2,525.00 Additions: Deposits in transit ($125+$200) $325.00 Deductions: Outstanding Checks ($17+$105+$54) $176.00 Adjusted Bank Balance $2,674.00 Book balance, November 30 $2,964.00 Additions: Incorrect recording of cheque ($64-$44) $20.00 Deductions: NSF Cheque $185.00 Service Charge $25.00 Unrecorded ATM Withdrawals $100.00 Adjusted Book balance $2,674.00

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