Solution-Prepare a bank reconciliation for xenon

Prepare a bank reconciliation for xenon

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Reference no: EM13900496

Xenon, Inc.'s August 31 Banl Statement had an ending cash balance of $2,657. On August 31, Xenon's general ledger showed a balance of $860. After comparing the general ledger to the bank statement, the following items were noted:

- Outstanding checks, $2,250

- Interest paid by the bank, $12

- An NSF check from one of Xenon's customers, $32

- Deposits in transit, $1,900

- Service fee charged by the bank, $8

- A direct deposit from a customer, $1,400

- Check #345 was written to Acme Insurance; the amount of the check was $615. It was recorded in the general ledger for $600.

Prepare a bank reconciliation for Xenon, Inc.

Make the required journal entries associated with the bank reconciliation.

Reference no: EM13900496

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Prepare a bank reconciliation for xenon

Reference no: EM13900496

Reference no: EM13900496

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