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Construct a bank reconciliation for chelsey zee

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Reference no: EM132959011

Problem 1: Construct a bank reconciliation for Chelsey Zee as of April 30, 2023, from the following information and make journal entries where needed:

Ending general ledger balance $5,500
Ending bank statement balance $5,300
Deposit in transit $2,000
Outstanding cheques $1,030, $79, $500 and $100
Bank collected a note from Zebra Co. $ 300

Recorded cheque as $89 instead of $98 on cheque stub. Correct amount on cheque. Wolf Co. cheque for $200 came back because of insufficient funds

Reference no: EM132959011

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