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23 October, 11:50

Use the following information to prepare the May 31 bank reconciliation.

Bank Statement

Date Checks Deposits Other Balance

May 1 $200

4 #2 S 10 S 50 240

12 #4 100 NSF Check S50 90

28 #5 20 70

30 #6 15 200 255

May 31 #8 55 Service charge 5 195

Date Deposits Checks Check Descriptions

May 1 200

May 3 50 10 May 3 #2

70 May 4 #3

100 May 8 #4

20 May 11 #5

15 May 21 #6

May 29 200 25 May 29 #7

May 30 150 55 May 30 #8

May 31 305

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Answers (1)
  1. 23 October, 15:03
    0
    Bank Statement

    Company's Books

    Ending Balance as Bank Statement 195 Ending Balance as Cash Account 305

    Add:Deposit in Transit 150 150 Additions:

    Deductions Deductions

    Outstanding Check no 3 70 Bank service charge 5

    Outstanding Check no 7 25

    95 NSF Check 50 55

    Up-to-date cash balance 250 Up-to-date cash balance 250
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