Question

The bank statement for Michah Mack Construction Co. indicates a balance of $9,184.60 on June 30. The cash account in the depositor's records had a balance of $6,767.10. Prepare a bank reconciliation on the basis of the following items: 1. Outstanding checks amounted to $3,192.50. 2. Deposit in transit are $700.00 3. Bank debit memorandum for service charges is $30. 4. A check for $83 for supplies was recorded as $38 in the ledger. 5. NOTE: Do not use commas, minus signs or a dollar signs, Round Each Numberto 2 decimal places!! Bank Statement Balance Add: Deposit in transit Less: Outstanding Checks Reconciled Balance Beginning Bank Balance Add: Bank Service Charge Error Recorded Reconciled Balance

Answer 1

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Amount Michah Mack Construction Co. Bank Reconciliation Statement Month Ended 30 Jun 20XX Particulars Amount Bank Statement Balance Add: Deposit in transit $ 700.00 Less: Outstanding Checks $3,192.50 Reconciled Balance $9,184.60 $6,692.10 $6,767.10 Beginning Bank Balance Add: Less: Bank Service Charge Error Recorded Reconciled Balance $ 30.00 $ 45.00 $6,692.10 Please do not forget to like the answer if you find it useful. It encourages me to help students by answering further questions. Thank you