Ending Bank Balances:Oct. 31 = 15000Nov. 5 = 12600Nov. 10 = 8400Nov....
The accounting department prepares a bank reconciliation at the end of each month. The following Tableau Dashboard is provided to assist in our reconciliation for the month of November.
Prepare the company's bank reconciliation using information from the Tableau Dashboard. Assume the following:
The company has not yet recorded the bank fees.
The company has not yet recorded cash interest received for November.
Deposits in transit on November 30 were placed in the bank's night depository after banking hours and were not recorded on the November 30 bank statement.
Check No. 1203 and Check No. 1278 are outstanding checks as of November 30.
Ending Bank Balances:
Oct. 31 = 15000
Nov. 5 = 12600
Nov. 10 = 8400
Nov. 15 = 9700
Nov. 20 = 10300
Nov. 25 = 14100
Nov. 30 = 16028
Ending Book Balances:
Oct. 31 = 15000
Nov. 5 = 11400
Nov. 10 = 12100
Nov. 15 = 9100
Nov. 20 = 10700
Nov. 25 = 15300
Nov. 30 = 16127
Cash Interest:
Aug. = 31, Sept = 24, Oct = 22, Nov = 37
Nov Bank Fee:
CPE = 35
Service Fee = 15
Wire Transfer Fee = 14
Homework Answers
1. As per the graph provided, as of Nov 30,
Bank Balance = $16,000
Book Balance =$16,000.
2. Cash interest received =$38,000.
3. Check printing fees is the largest.
Add Answer to:
Ending Bank Balances:Oct. 31 = 15000Nov. 5 = 12600Nov. 10 = 8400Nov....
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