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Prepare a bank reconciliation as of december

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Problem 1: Prepare a bank reconciliation as of December 31 based on the available information.

  1. The bank collected a note receivable of K2, 200 for Fullerton Company on December 15.
  2. The December 31 receipts were deposited in a night deposit vault on December 31. These deposits were recorded by the bank in January.
  3. Checks outstanding on December 31 totaled K1,210.
  4. On December 31, the bank statement showed an NSF charge of K680 for a check received by the company from L. Bryan, a customer, on account.

Reference no: EM132704784

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