Prepare the bank reconciliation for powers company

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Reference no: EM13228506

Using the following information, prepare the bank reconciliation for Powers Company for May 31, 2013.

The bank statement balance is $4,000.
The cash account balance is $3,000.
Outstanding checks totaled $1,500.
Deposits in transit are $500.
The bank service charge is $20.
Interest reported on the bank statement was $10.
A check for $10 was recorded as $100 in the ledger.
A NSF check for $80 was returned with the statement.

Required minimum-1 page

Reference no: EM13228506

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