riohondo.instructure.com Question 1 Don Wyatt is unable to reconcile the bank ba

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riohondo.instructure.com Question 1 Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,820.20 560.00 31.00 $4,349.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,135.20 660.00 936.00 $4,411.20 (a) Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bar Don Wyatt Bank Reconciliation January 31 21 2 3 4 56 7 89

Explanation / Answer

DON WYATT Bank reconciliation January3 1 Balance as per Bank 3820.20 Additions: NSF check 560.00 Bank service charges 31.00 Deposits in transit 660.00 1251.00 5071.20 Deductions: Outstanding checks 936.00 Balance as per cash book 4135.20 Balance as percash book 4135.20 Additions: Outstanding checks 936.00 5071.20 Deductions: NSF check 560.00 Bank service charges 31.00 Deposits in transit 660.00 1251.00 Balance as per bank book 3820.20

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