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Prepare bank reconciliation

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Question - Jane Co. is preparing its September 30, 20x1 bank reconciliation. Relevant information is shown below: Balance per books 1,480 Balance per bank statement 2,800 Collection on note by bank (including 250 interest) 2,500 NSF check returned by bank 500 Bank service charges for December 70 Deposits in transit 2,200 Outstanding checks (including certified checks of 100) 1,000

A 600 loan amortization of Jane Co. was erroneously debited by the bank to Tarzan Co.'s account.

A 650 collection of accounts receivable was erroneously recorded in the books as 560. The actual amount deposited to the bank is 650.

REQUIREMENT - Prepare bank reconciliation using the following forms:

a. Adjusted balance method

b. Book to Bank Method

c. Bank to Book Method

Reference no: EM132640293

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