Question

Question 5 Partially correct Mark 7.06 out of 10.00 P Flag question Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 59.172.54 9.490.33 942.50 1,638.59 1 Balance per Cash account, June 30. 2 Balance per bank statement, June 30 3 Deposits not reflected on bank statement 4 Outstanding checks, June 30. 5 Service charge on bank statement not recorded in books 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 7 Check for advertising expense incorrectly recorded in books as 9.172.54 Ending Balance from bank state Add: Deposits not credited by b. Add: Bankerror. Vertal Company check charged against Young Company's account Less: Outstanding checks Deposits not credited by bank • * YOUNG COMPANY Bank Reconciliation June 30 9,490.33 Balance from general ledger 942.5 Add: Check recor 715 (1.638.59) X Less Service charge 9.509.24 Reconciled cash balance (14.3) X 9.509.24 Check Partially correct Marks for this submission: 7.06/10.00

Answer 1

$9,172.54 YOUNG COMPANY Bank Reconciliation June 30 Ending balance from bank statement $9,490.33 Balance from general ledger Add: Deposits not credited by bank $942.50 Add: Error in recording check for Add: Bank error - Yertal Company check advertising exps. charged against Young Company's acct. $715.00 Less: Service charges Less: Outstanding checks -$1,638.59 Reconciled cash balance $9,509.24 $351.00 ($676.00 - $325.00] -$14.30 $9,509.24