Reference no: EM131784908

Exercise - Bank reconciliation

The following data were accumulated for use in reconciling the bank account of Commander Co. for March:

1. Cash balance according to the company's records at March 31, $15,866.00.

2. Cash balance according to the bank statement at March 31, $14,750.00.

3. Checks outstanding, $4,760.00.

4. Deposit in transit, not recorded by bank, $5,870.00.

5. A check for $712.00 in payment of an account was erroneously recorded in the check register as $721.00.

6. Bank debit memo for service charges, $15.00.

Prepare a bank reconciliation.