From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
a. The bank statement balance is $4,000.
b. The cash account balance is $3,950.
c. Outstanding checks amounted to $960.
d. Deposits in transit are $900.
e. The bank service charge is $75.
f. Interest added to the checking account by the bank is $150.
g. A check drawn for $65 was incorrectly charged by the bank as $150.
Prepare a bank reconciliation for Purple New Co. for May 31, 2016. Purple New Co. Bank Reconciliation May 31, 2016
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