Different from the one reported on the trial balance

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Reference no: EM13789474

Company’s Bank statement shows a cash balance of $31,000, which is different from the one reported on the trial balance. Please prepare a bank conciliation using the following information.

a. Outstanding checks of $6,500

b. A note from a customer for the amount of $1,500 is cleared at the bank, but forgot to be recorded on the book.

c. A check collected from the customer in the amount of $300 was bounced

d. Earned interest of $55

e. Bank service charge for the return check was $25

f. A check cleared for $570 was recorded as $750 on the book

Reference no: EM13789474

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