Problem

Preparing a bank reconciliation [10-20 min]D. J. Harrison’s checkbook lists the following:...

Preparing a bank reconciliation [10-20 min]

D. J. Harrison’s checkbook lists the following:

Date

Check No.

Item

Check

Deposit

Balance

Nov 1

 

 

 

 

$    540

4

622

Java Joe’s

$    15

 

525

9

 

Dividends received

 

$    130

655

13

623

Skip’s Market

55

 

600

14

624

Fill-N-Go

75

 

525

18

625

Cash

60

 

465

26

626

Fernwood Golf Course

85

 

380

28

627

Upstate Realty, Co.

265

 

115

30

 

Paycheck

 

1,210

1,325

Harrison’s November bank statement shows the following:

Requirements

1. Prepare Harrison’s bank reconciliation at November 30, 2012.


2. How much cash does Harrison actually have on November 30, 2012?

Step-by-Step Solution

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