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Prepare a bank reconciliation going from balance per bank

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Reference no: EM131613662

Exercise - Swifty Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation

Balance per bank $8,400

Add: Deposits in transit 1,848

Deduct: Outstanding checks (2,400)

Balance per books $7,848

Month of July Result

Per Bank Per Books

Balance July 31 $10,380 $11,100

July deposits 6,000 6,972

July checks 4,800 3,720

July note collected (not included in July deposits) 1,200

July bank service charge 18

July NSF check from a customer, returned by the bank (recorded by bank as a charge) 402

(a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

Reference no: EM131613662

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