(a) The bank statement balance is $4,690. (b) The cash account balance is $5,080. (c) Outstanding checks amounted to $715. (d) Deposits in transit are $1,020. (e) The bank service charge is $40. (f) A check for $72 for supplies was recorded as $27 in the ledger.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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(a) The bank statement balance is $4,690.
(b) The cash account balance is $5,080.
(c) Outstanding checks amounted to $715.
(d) Deposits in transit are $1,020.
(e) The bank service charge is $40.
(f) A check for $72 for supplies was recorded as $27 in the ledger.
Prepare bank Reconciliation statement
Transcribed Image Text:(a) The bank statement balance is $4,690. (b) The cash account balance is $5,080. (c) Outstanding checks amounted to $715. (d) Deposits in transit are $1,020. (e) The bank service charge is $40. (f) A check for $72 for supplies was recorded as $27 in the ledger. Prepare bank Reconciliation statement
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