Exercise 7-9 (Part Level Submission) Ayayai AG is unable to reconcile the bank balance at January 31. Ayayai's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank CHF4,550.20 145.00 38.00 CHF4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks CHF4,715.20 925.00 943.00 Adjusted balance per books CHF4,733.20 (a) Prepare a correct bank reconciliation. (Reconcile the bank balance first and then the book balance. List items that increase balances first.) Ayayai AG Bank Reconciliation January 31 CHF CHF CHF CHF CHF
Exercise 7-9 (Part Level Submission) Ayayai AG is unable to reconcile the bank balance at January 31. Ayayai's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank CHF4,550.20 145.00 38.00 CHF4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks CHF4,715.20 925.00 943.00 Adjusted balance per books CHF4,733.20 (a) Prepare a correct bank reconciliation. (Reconcile the bank balance first and then the book balance. List items that increase balances first.) Ayayai AG Bank Reconciliation January 31 CHF CHF CHF CHF CHF
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Exercise 7-9 (Part Level Submission)
Ayayai AG is unable to reconcile the bank balance at January 31. Ayayai's reconciliation is as follows.
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
CHF4,550.20
145.00
38.00
CHF4,657.20
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
CHF4,715.20
925.00
943.00
Adjusted balance per books
CHF4,733.20
Transcribed Image Text:(a)
Prepare a correct bank reconciliation. (Reconcile the bank balance first and then the book balance. List items that increase balances first.)
Ayayai AG
Bank Reconciliation
January 31
CHF
CHF
CHF
CHF
CHF
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