Bank Reconciliation February 28, 2012 Bank: Balance, February 28, 2012 Add: Depo

Question

Bank Reconciliation February 28, 2012 Bank: Balance, February 28, 2012 Add: Deposit of February 28 in transit $ 3,070 2,400 5,470 Less: Outstanding checks issued on Feb 25 (5500 and Feb 27 (S900) :(1,400) Adjusted bank balance, February 28, 2012 4,070 Books: Balance, February 28, 2012 Add: Bank collection of note receivable $ 4,09s 1,000 15 5,110 Interest revenue earned on bank balance Less: Service charge s 10 NSF check EFT-Rent expense 700 330 (1,040) Adjusted book halance, February 28, 2012 $4,070 irement 2 Feb 28 Cash 1,000 Note Receivable 1,000 Note receivable collected by bank. 28 Cash 15 Interest Revenue 15 Interest earned on bank balance. 28 Miscellaneous Expense Cash 10 10 Bank service char Accounts Receivable NSF check returned by bank. Cash 700 28 Rent Expense 330 Cash 330 Monthly rent expense.

Explanation / Answer

If any doubt please comment.

Bank Reconciliation 31-Aug Bank statement Bank statement Balance $5,316.00 Additions:   Deposit of Aug 31 $2,897 2897 Deductions $8,213 Outstanding checks Check no 1572 419 Check no 1606 126 Check no 1116 650 Check No 1242 1105 2300 Adjusted Bank Balance $5,913.00 Company's Book ending balance per cash account 2005 Add Payment of Rent 2600 Error in recording of check (5000-500) 4500 7100 9105 Deductions NSF 3164 Mortgage payment -notes payable service charges 28 3192 Adjusted Book balance (same as bank reconciliation amt) $5,913.00

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.