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Prepare bank reconciliation statement at june

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Reference no: EM133185096

Question - The accountant of Universe Manufacturing collected the following information: The balance as per bank statement is $3,324.50 on 30 June 2020. On this date, the balance of the company's book is $3,536.50. In addition, the accountant found the following items:

1. Deposits in transit $1,550

2. Outstanding checks: $845

3. Bank section from bill receivables $2,400

4. Bank statement shows Interest received of $240

5. Bank service charge in the bank statement is $737

6. Bank statement shows NSF check: $1,410,00

Required - Prepare bank reconciliation statement at 30 June 2020.

Reference no: EM133185096

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