Solution-Prepare a bank reconciliation going from balance

Prepare a bank reconciliation going from balance per bank

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Reference no: EM131827675

Problem - Bank Reconciliation and Adjusting Entries) Kipling Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation

Balance per bank $7,000

Add: Deposits in transit 1,540

Deduct: Outstanding checks (2,000)

Balance per books $6,540

Month of July Results Per Bank Per Books

Balance July 31 $8,650 $9,250

July deposits 4,500 5,810

July checks 4,000 3,100

July note collected (not included in July deposits) 1,500

July bank service charge 15

July NSF check from a customer, returned by the bank 335 (recorded by bank as a charge)

Instructions - Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

Reference no: EM131827675

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Prepare a bank reconciliation going from balance per bank

Reference no: EM131827675

Reference no: EM131827675

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