Solution-Make bank reconciliation for Holder Company as of

Make bank reconciliation for Holder Company as of October

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Reference no: EM133020287

Question - Holder Company deposits all cash receipts intact each day and makes all payments by check. On October 31, after all posting was completed, its Cash account had a debit balance of $ 5000. The bank statement for the month ended on October 31 showed a balance of $ 3,980. Other data are:

Outstanding checks total $ 620.

October 31 cash receipts of $ 850 were placed in the bank's night depository and do not appear on the bank statement.

Bank service charges for October are $ 15.

Check No. 72 for store supplies on hand was entered at $ 750, but paid by the bank at its actual amount of $ 485.

A check of $500 received by a customer was returned NSF. The bank charged $10 NSF fee.

Required - Make bank reconciliation for Holder Company as of October 31.

Reference no: EM133020287

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Make bank reconciliation for Holder Company as of October

Reference no: EM133020287

Reference no: EM133020287

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