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Prepare any required entries to bring the woods paper

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Reference no: EM132720086

Question - Use the following information for Woods Paper Products to answer the question(s) below.

A deposit of $5,704.62 is in transit.

Outstanding checks total $1,533.25.

The book balance at February 18, 2019 is $5,605.62.

The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent.

The bank balance at February 28, 2010 was $16,500.25.

A deposit of $300 was credited by the bank for $3,000.

A customer check for $1,280 was returned for nonsuf?cient funds.

The bank service charge is $70.

Required -

a) Prepare a bank reconciliation with proper title for Woods Paper Products Company for February 28, 2019.

b) Prepare any required entries to bring the Woods Paper Products' book to date. Explanation is not required.

Reference no: EM132720086

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