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Need bank reconciliation for Anderson Company at May

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Reference no: EM132535228

Question - The following information was available for Anderson Company for the month ended May 31, 20XX.

a) The book balance at May 31, 20XX was $4,790.22.

b) The bank balance at May 31, 20XX was $5,660.22.

c) Outstanding cheques amounted to $6,310.

d) The May 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement.

e) A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques.

f) A customer's note for $1,000 was collected by the bank. In addition interest on the note was $110.

g) The bank incorrectly recorded a cheque payment of $1,600 as $1,500.

h) A cheque made out by Essex Company for $1,000 deposited on May 15 is returned by the bank marked NSF.

REQUIRED - Need bank reconciliation for Anderson Company at May 31, 20XX and record the appropriate journal entries.

Reference no: EM132535228

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