4 Sartana Rey receives the March bank statement for Business Soutions on Apni 1t

Question

4 Sartana Rey receives the March bank statement for Business Soutions on Apni 1t2018 The March 31 bank statement shows an ending cash balance of $67566 A compason of the bank stanrment with the general ledger Cash account, No. 30t reveas the letowirg a S Rey notices that the bank erroneously cleared a $500 check against her account in March that she did not issue The check documentation included with the bank statement shows that this check was actualy nsued by a company named Business On Mach 25 the bank ists a $50 charge for the sefety depouit box expense that Business Solutions agreed so rent from the bank c. On March 26he bink a 5t02 change for printed checks that Business Solutions ordered fro the bank d. Or, Mert, 7t the bank hhirserest earned on Busress Soutions's checking account for the month or March e S. Rey notices thet the check she issued for S$128 on March 31, 208, has not yet cleared the bank t S Rey veriies tha all deposits made in Manch do appear on the Manch bank snement o The oer eer Casaccount No 101 shows an ending cash bulance per books of soRoS as of Marc r to any reconcastion 1 Piepore a bank reconcissation for Business Solutions tor the month ended March 31. 2018 Noxt enovO

Explanation / Answer

SANTANA REY Bank Recocilation March 31, 2018 Bank's Cash Balance Company's Cash Balance Per Bank Statement          67,566.00 Per General Ledger      68,057.00 Add: Add: Bank Error              500.00 Bank Interest               33.00 Deposit in transit                       -                  500.00          68,066.00      68,090.00 Less: Less: Outstanding Checks             (128.00) Bank Charges - Safety Deposit Box             (50.00) Bank Charges - For Checks           (102.00)          (152.00) Bank Balance after Reconcilation          67,938.00 Company Balance per Reconcilation      67,938.00

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