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Prepare a bank reconciliation for saturn delivery co

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Problem - Bank Reconciliation - Saturn Delivery Co. has recorded a balance of $8,500 on their accounting book as of December 31, 2020. They received the bank statement dated December 31, 2020 showing a balance of $7,000. The deposit in transit was $2,800, and outstanding cheques in total of $1,500. The bank made a collection on behalf of Saturn for $400, and there is a NSF cheque of $590. There is also a bank interest of $20, and service charge of $30. Prepare a bank reconciliation for Saturn Delivery Co. at December 31, 2020?

Reference no: EM132834030

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