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Do the following Bank reconciliation. The end of the month bank balance was follows: Bank statement: $12,175.00 Company Statement: $9,480 Bank Service fee: $50.00 Deposit in transit not posted at the bank: $ 1,800 Net Sufficient Funds Check of $ 1250 was retuned to the bank. Outstanding checks for the company $ 5,795 What is the adjusted bank and company bank reconciliation? Bank Statement reconciled

Do the following Bank reconciliation. The end of the month bank balance was follows: Bank statement: $12,175.00 Company Statement: $9,480 Bank Service fee: $50.00 Deposit in transit not posted at the bank: $ 1,800 Net Sufficient Funds Check of $ 1250 was retuned to the bank. Outstanding checks for the company $ 5,795 What is the adjusted bank and company bank reconciliation? Bank Statement reconciled

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Do the following Bank reconciliation. The end of the month bank balance was follows: Bank statement: $12,175.00 Company Statement: $9,480 Bank Service fee: $50.00 Deposit in transit not posted at the bank: $ 1,800 Net Sufficient Funds Check of $ 1250 was retuned to the bank. Outstanding checks for the company $ 5,795 What is the adjusted bank and company bank reconciliation? Bank Statement reconciled
Transcribed Image Text:Do the following Bank reconciliation. The end of the month bank balance was follows: Bank statement: $12,175.00 Company Statement: $9,480 Bank Service fee: $50.00 Deposit in transit not posted at the bank: $ 1,800 Net Sufficient Funds Check of $ 1250 was retuned to the bank. Outstanding checks for the company $ 5,795 What is the adjusted bank and company bank reconciliation? Bank Statement reconciled
Company Statement Reconciled:
Transcribed Image Text:Company Statement Reconciled:
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