Homework Help is Here – Start Your Trial Now!
Business
Accounting
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9172.54 2 Balance per bank statement, June 30. $9490.33 3 Deposits not reflected on bank statement. $942.50 4 Outstanding checks, June 30. $1,638.59 5 Service charge on bank statement not recorded in books. $14.30 6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715 7 Check for advertising expense $325 incorrectly recorded in books as $676

Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9172.54 2 Balance per bank statement, June 30. $9490.33 3 Deposits not reflected on bank statement. $942.50 4 Outstanding checks, June 30. $1,638.59 5 Service charge on bank statement not recorded in books. $14.30 6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715 7 Check for advertising expense $325 incorrectly recorded in books as $676

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30:
1 Balance per Cash account, June 30. $9172.54
2 Balance per bank statement, June 30. $9490.33
3 Deposits not reflected on bank statement. $942.50
4 Outstanding checks, June 30. $1,638.59
5 Service charge on bank statement not recorded in books. $14.30
6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715
7 Check for advertising expense $325
incorrectly recorded in books as $676

 

 

Question 3 Not complete Marked out of 17.00 Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9,172.54 2 Balance per bank statement, June 30. 9,490.33 3 Deposits not reflected on bank statement. 942.50 4 Outstanding checks, June 30. 1,638.59 5 Service charge on bank statement not recorded in books. 14.30 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 715 7 Check for advertising expense 325 incorrectly recorded in books as 676 Note: Do not round answers - enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 Enday Balae from back, s Add: BepesA Aof ereditel 4490.33alance from general ledger 442.50 %24 0 Add: Check 375 Add: Bank error- Yertal Company check recorc charged against Young Company's account 715 14.30 chedes Reconsited cnsh blerce 4.30 Less: Less: %24 %24
Transcribed Image Text:Question 3 Not complete Marked out of 17.00 Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9,172.54 2 Balance per bank statement, June 30. 9,490.33 3 Deposits not reflected on bank statement. 942.50 4 Outstanding checks, June 30. 1,638.59 5 Service charge on bank statement not recorded in books. 14.30 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 715 7 Check for advertising expense 325 incorrectly recorded in books as 676 Note: Do not round answers - enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 Enday Balae from back, s Add: BepesA Aof ereditel 4490.33alance from general ledger 442.50 %24 0 Add: Check 375 Add: Bank error- Yertal Company check recorc charged against Young Company's account 715 14.30 chedes Reconsited cnsh blerce 4.30 Less: Less: %24 %24
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
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
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS