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Chapter 7 Homework 1 ಆdark Show Me How Calculator 1. EX DT 12 Bank Reconciliation 2 LX DT 16 3 FX DT 17 The following dala we

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Answer #1
Bank Reconciliation statement -Cratve Design
Balance as per bank statement $56,300.00
Adjustment
Add: Deposits in transit $13,325.00
Less: Outstanding checks -$25,390.00
Adjusted balance as per bank $44,235.00
Balance as per books $42,920.00
Adjustemnt
Less: Bank service charges -$35.00
Add Error in recording check(1500-150) $1,350.00
Adjusted balance as per books $44,235.00
Partb: the Amount cash should be reported : $44235

Part-c: Yes

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