Tamarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows. Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.) Cash balance per bank$4,040.20Add: NSF check450.00Less: Bank service charge32.00Adjusted balance per bank$4,458.20Cash balance per books$4,355.20Less: Deposits in transit770.00Add: Outstanding checks937.00Adjusted balance per books$4,522.20

A bank reconciliation statement; BRS is prepared by firm when the cash balance of books doesn't…

Answered: amarisk is unable to reconcile the bank…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Concept explainers

Question

Tamarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows.

Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

Cash balance per bank
$4,040.20
Add: NSF check
450.00
Less: Bank service charge
32.00
Adjusted balance per bank
$4,458.20
Cash balance per books
$4,355.20
Less: Deposits in transit
770.00
Add: Outstanding checks
937.00
Adjusted balance per books
$4,522.20

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions