Acme Company has received its bank statement for the month ending May 31, which showed the following:   Ending balance                                  $10,650.05 NSF check                                                      63.40 Service charge                                             10.70                   After checking the bank statement and accounting records, the accountant has determined the                 following:                                                 The May cash balance per books is $10,781.76.                                 The bank’s service charge and NSF check were not entered by the bookkeeper.                                 A $354.60 deposit made on May 31 is not on the bank statement.                                 Outstanding checks total $296.99.                   Prepare a proper bank reconciliation in proper format.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Acme Company has received its bank statement for the month ending May 31, which showed the following:

 

Ending balance                                  $10,650.05

NSF check                                                      63.40

Service charge                                             10.70

 

                After checking the bank statement and accounting records, the accountant has determined the

                following:

               

                                The May cash balance per books is $10,781.76.

                                The bank’s service charge and NSF check were not entered by the bookkeeper.

                                A $354.60 deposit made on May 31 is not on the bank statement.

                                Outstanding checks total $296.99.

 

                Prepare a proper bank reconciliation in proper format.

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