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Problem - From the following bank statement , please (1) complete the bank reconciliation for Rick's Deli and (2) do not provide journalize entries.
(a) A deposit of $3,000 in is transit.
(b) Rick's Deli has an ending checkbook balance of $6 600.
(c) Checks outstanding: no. 111, $600; No. 119, $1,200; no. 121, $330
(d) Jim Rice's check for $300 bounced due to lack of sufficient funds.
Lowell National Bank Rio Mean Brand Bugna, Texas
Rick's Deli 8811 2nd Street Bugna, Texas
Old Balance
Checks in Order of Payment
Deposits
Date
New Balance
6,000
2/3
90.00
210.00
5,700
150.00
300.00
2/10
5,850
600.00
2/15
NSF
2/20
1,200.00
2/24
30.00 SC
180.00
2/28
5,400
How do I work through the bank recon?
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