Nbsppreparation of bank reconciliation statementprepare a

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Reference no: EM13356474

Preparation of Bank Reconciliation Statement.

Prepare a bank Reconciliation as of August 31 from the following information

The august 31 balance shown on the bank statement is $9,810 There is a deposit in transit of 1,260 at August 31 Outstanding checks at august 31 totaled 1890 Interest credited to the account during august but not recorded on the company's book amounted to 108 A ban charge of $36 for check was made to the account during august. Although the company was expecting a charge, its amount was not known until the bank statement arrived In the process of reviewing the canceled checks, it was determined that the checks issued to a supplier in payments of account payable of $631 had been recorded as a disbursement of $361 The august 31 balance in the general ledger Cash account before reconciliations is 9378

Questions:

1. What's the beginning balance per the bank?

2. What's the beginning balance per the books?

3. What are the total amounts of outstanding checks?

4. What's the total amount of deposits in transits?

5. What is the total amount of the interest earned?

6. What is the total amount of the errors?

7. What's the adjusted or reconciled balance per the bank?

8. What's the adjusted or reconciled balance per the books?

Reference no: EM13356474

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