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Determine true cash balance by preparing bank reconciliation

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Reference no: EM131160663

The bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350.

The following information is available:

1. Deposit in transit, $6,981.

2. Credit memo in bank statement for interest earned in May, $36.

3. Outstanding check, $5,720.

4. Debit memo for service charge, $2

5. Required Determine the true cash balance by preparing a bank reconciliation as of May 31, 2014, using the preceding information.

References eBook & Resources WorksheetDifficulty: 1 Easy Exercise 4-10 Adjusting the cash account LO 4-2Learning Objective: 04-02 Prepare a bank reconciliation. Check my work ©2016 McGraw-Hill Education. All rights reserved. Requires a modern browser - e.g. Safari 1, Netscape 6 or IE 5.

Reference no: EM131160663

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