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Make bank reconciliation for December

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Reference no: EM132468183

Problem - 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 -

(1) Make bank reconciliation for December 31, 2019.

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

Reference no: EM132468183

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