2. Nicole has asked you to prepare a bank reconciliation for NGS. According to her records, NGS's cash balance is $6,000 at December 31, but the bank reports a balance of $5,500. a. The bank deducted $250 for an NSF check from a customer deposited on December 22 b. NGS has written checks totaling $3,500 that have not yet cleared the bank. c. The bank added $10 cash to the account for interest earned in December. d. NGS made a $3,480 deposit on December 31, which will be recorded by the bank in January. e. The bank deducted $10 for service charges. f. NGS wrote a check to a supplier on account for $300 but mistakenly recorded it as $30. NICOLE'S GETAWAY SPA Bank Reconciliation At December 31 Bank Statement Company's Books Ending Balance per Bank stemer Ending Balance per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance

2. Nicole has asked you to prepare a bank reconciliation for NGS. According to her records, NGS's cash balance is $6,000 at December 31, but the bank reports a balance of $5,500. a. The bank deducted $250 for an NSF check from a customer deposited on December 22 b. NGS has written checks totaling $3,500 that have not yet cleared the bank. c. The bank added $10 cash to the account for interest earned in December. d. NGS made a $3,480 deposit on December 31, which will be recorded by the bank in January. e. The bank deducted $10 for service charges. f. NGS wrote a check to a supplier on account for $300 but mistakenly recorded it as $30. NICOLE'S GETAWAY SPA Bank Reconciliation At December 31 Bank Statement Company's Books Ending Balance per Bank stemer Ending Balance per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help me fill out this bank reconciliation showing the true cash balance.
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