3 Nsian Company deots all cash recepts on the day when they are received and it

Question

3 Nsian Company deots all cash recepts on the day when they are received and it makes all cash payments by check At the close of business on une 30 201 ts Cash account shows a $22,352 debit balance Nolan's Aune 30 bank statement shows $21332 orn a Outstanding checks as of June 30 total $3713 b. the June 30 bank statement incladed a $41 debit memorandum for bank services; the company has not yet recordied the cost of hese sevces d hne 30 cash receipts of $4724 were placed in the bank's night deposhory ater banking hours and were not recorded on the June a The bank stahement included a $23 credit for interest earmed on the cash in the bank in revewing the bank statement a $90 check withen by the Company was mistakenly recorded in the company's books at $99 A Presare a bank recencilation for Nolan Company using the above information 06Austed book enoVO

Explanation / Answer

NOLAN Company Bank Reconcialation June 30 2017 Bank Statement Balance          21,332 Book Balance          22,352 Add Add Deposit Of June 30          4,724 Error on check            9                    9 Bank Error Interest earned in bank                  23          26,056          22,384 Deduct Deduct Outstanding Checks          3,713 Bank Service Charge          41                  41            3,713 Adjusted Bank Balance          22,343 Adjusted Book Balance          22,343

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