Use the following bank statement and T-account to prepare the May 31 bank reconciliation.
Use the following bank statement and T-account to prepare the May 31 bank reconciliation.
Homework Answers
| Bank Reconciliation | |||||
| At May 31 | |||||
| Ending balance as per bank statement | 225 | Ending balance as per cash account | 365 | ||
| Additions: | Additions: | ||||
| Deposit in transit | |||||
| May-30 | 180 | 180 | |||
| $405 | $365 | ||||
| Deductions: | Deductions: | ||||
| Outstanding check | NSF check | -65 | |||
| #3 | -85 | Bank service charge | -20 | -85 | |
| #7 | -40 | -125 | |||
| Up-to-date cash balance | $280 | Up-to-date cash balance | $280 | ||
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Use the following bank statement and T-account to prepare the May 31 bank reconciliation.
Use the following bank statement and account to prepare the May 31 bank reconciliation.
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