Prepare reconciliation form, journal and t account

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Question - Bank reconciliation

Prepare reconciliation form, journal and t account. (None of the transactions reported by bank debit and credit memos have been recorded by the company.)

1. Bank service charges, $30.

2. Check of a customer returned by bank to company because of insufficient funds, $400.

3. Check for $320 incorrectly recorded by the company as $230.

4. Check for $1,100 incorrectly charged by bank as $110.

5. Deposit in transit, $3,300.

6. Outstanding checks, $7,950.

7. Note collected by bank, $10,500.

Reference no: EM132567020

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