2. Bank Reconciliation XYZ Company is an international company that has the following facts. Prepare XYZ Company's March bank reconciliation: Balance per company records at end of month $ 72,644.12 Bank service charge for the month 44.00 NSF check returned with bank statement 1,440.66. Note collected by the bank during the month 45,000. Outstanding checks at month end 31,553.57 Interest on note collected during the month 4,500. Balance per bank at end of month 144,223.99 Deposit in transit at month end 7,989.04
2. Bank Reconciliation XYZ Company is an international company that has the following facts. Prepare XYZ Company's March bank reconciliation: Balance per company records at end of month $ 72,644.12 Bank service charge for the month 44.00 NSF check returned with bank statement 1,440.66. Note collected by the bank during the month 45,000. Outstanding checks at month end 31,553.57 Interest on note collected during the month 4,500. Balance per bank at end of month 144,223.99 Deposit in transit at month end 7,989.04
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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