Question

You receive a bank statement that shows a cash balance of $66,744. However, company records show a $71,948 cash balance. The statement shows the following items that the company has not recorded: $2,700 in customer deposits from a lock! box and a $224 bank service fee. The company made a $12,240 deposit at the end of the month that the bank does not show. You also note that $4,560 in company checks have not been cashed yet. Create a Bank Statement for your company. (Select] Bank Cash Balance Add: (Select) Subtract: Select) [Select] Adjusted Bank Cash Balance [Select) [Select] Company's Cash Balance (Books) Add: (Select) Subtract [Select] Select) (Select] Adjusted Cash Balance [Select]

Answer 1

$66.744 Bank Statement Bank Cash Balance Add: Deposit in Transit Subtract: Outstanding Checks Adjusted Bank Cash Balance $12,240 $4,560 $74,424 $71.948 Company's Books Company's Cash Balance (Books) Add: Deposit from a customer Subtract: Bank Service fee Adjusted Cash Balance $2.700 $224 $74,424