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Prepare a bank reconciliation for hammond company

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Reference no: EM132678160

Problem 1: Using the following information, prepare a bank reconciliation for Hammond Company for June 30, 2014.

a. The bank statement balance is $7,562.

b. The cash account balance is $6,422

c. Outstanding checks totaled $1,650.

d. Deposits in transit are $900.

e. The bank service charge is $22.

f. Collection of note by bank, $500 plus $12 in interest.

g. An NSF check for $100 from a customer was returned with the statement.

Reference no: EM132678160

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