Reference no: EM132533096
(a) The book balance at May 31, 2015 was $3,790.22.
(b) The bank balance at May 31, 2015 was $5,660.22.
(c) Outstanding cheques amounted to $6,310.
(d) The May 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement.
(e) A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques.
(f) A customer's note for $1,000 was collected by the bank. In addition, interest on the note was $110.
(g) The bank incorrectly recorded a cheque payment of $1,600 as $1,500.
Question 1: Prepare a bank reconciliation for Anderson Company at May 31, 2015.