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Prepare bank reconciliation for entity

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Reference no: EM132793303

Entity A is preparing its March 31, 20x1 bank reconciliation. The following was determined:

A. The cash balance per book is 280,000, while the cash balance per bank statement is 320,000.

B. credit memo - 20,000

C. Debit memo - 15,000

D. Deposit transit - 75,000

E. Outstanding checks - 25,000

F The disbursement per books are overstated by 45,000

G. The debits are understated by 40,000

Requirement:

Problem 1: Prepare bank reconciliation.

Reference no: EM132793303

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