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Make a bank reconciliation for simone company

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Reference no: EM132431097

The unadjusted cash account balance for Simone Company at December 31, 2019 is $54,200. The bank statement showed an ending balance of $56,447 at December 31, 2019. The following information is available:

Bank service charge               $45

Outstanding checks              $10,400

NSF check from customer     $540

Deposit in transit                  $7,600

Interest earned                    $32

Required:

Question 1: Make a bank reconciliation for December 31, 2019.

Question 2: What amount will be shown on the Balance Sheet for Cash at December 31, 2019?

Reference no: EM132431097

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