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Prepare a bank reconciliation for anderson company at may

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Reference no: EM132535094

The following information was available for Anderson Company for the monthended May 31, 2015.

(a) The book balance at May 31, 2015 was $3,890.22.

(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 cancel cheques.

(f) A customer's note for $1,000 was colleceted by the bank.

(g) The bank incorrectly recorded a cheque payment of S1,600 as $1,500.

Question 1: Prepare a bank reconciliation for Anderson Company at May 31, 2015. In addition interest on the note was $110.

Reference no: EM132535094

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