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How to prepare the correct bank reconciliation

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Reference no: EM132570857

Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisa's reconciliation is as follows.

cash balance per bank $3660.20

add: NSF cheque 590.00

less: bank service charge 25.00

adjusted balance per bank $4225.20

cash balance per books 3875.20

less: deposits in transit 530.00

add: outstanding cheques 930.00

adjusted balance per books $4275.20

Question (a) Prepare the correct bank reconciliation.

Reference no: EM132570857

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