2. The following information was available to the accountant of Horton Company when preparing the monthly bank reconciliation: Outstanding checks: Bank service charges Deposits in transit Interest received from bank Customer check returned by bank as NSF Cash balance per bank statement Cash balance per books (prior to reconciliation) #643 for $502 #651 for $ 43 $ 25 c. $25 d. $5 $190 $5 $ 20 $975 $660 What is the total that should be subtracted from the bank side of the reconciliation? a. $545 b. $190
2. The following information was available to the accountant of Horton Company when preparing the monthly bank reconciliation: Outstanding checks: Bank service charges Deposits in transit Interest received from bank Customer check returned by bank as NSF Cash balance per bank statement Cash balance per books (prior to reconciliation) #643 for $502 #651 for $ 43 $ 25 c. $25 d. $5 $190 $5 $ 20 $975 $660 What is the total that should be subtracted from the bank side of the reconciliation? a. $545 b. $190
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EB: Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance:...
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