The following data were accumulated for use in reconciling

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Reference no: EM13482660

The following data were accumulated for use in reconciling thebank account of Spectrum Co. for July:

a. Cash balance according to the company's records at July 31,$8,346.50.

b. Cash balance according to the bank statement July 31,$9,066.35.

c. Checks outstanding $3,175.25.

d. Deposit in transit, not recorded by bank, $2,615.40.

e. A check for $240 in payment of an account was erroneouslyrecorded in the check register at $420.

f. Bank debit memorandum for service charges, $20.00.

Prepare bank reconciliation, using the format included.

Reference no: EM13482660

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