Information needed to prepare a bank reconciliation for the DineFine Restaurant for November 30, 20X4, is presented below: a. Balance of cash per books on November 30, 20X4, is $1,252.86. b. Balance per bank statement on November 30, 20X4, is $1,192.96. c. The November 30 cash receipts of $382.50 were placed in the local bank's drop box at 9:00 P.M. on November 30. d. Bank services charges amounted to $14 for printing new checks. e. The outstanding checks at November 30 were #864, $232.50; # 868, $12.75; #869, $122.17. f. An NSF check in the amount of $25 was returned with the bank statement. g. Check #842 for $76 was erroneously recorded on the books at $67. h. A credit memo for $3.18 for interest earned was included with the bank statement.

Information needed to prepare a bank reconciliation for the DineFine Restaurant for November 30, 20X4, is presented below: a. Balance of cash per books on November 30, 20X4, is $1,252.86. b. Balance per bank statement on November 30, 20X4, is $1,192.96. c. The November 30 cash receipts of $382.50 were placed in the local bank's drop box at 9:00 P.M. on November 30. d. Bank services charges amounted to $14 for printing new checks. e. The outstanding checks at November 30 were #864, $232.50; # 868, $12.75; #869, $122.17. f. An NSF check in the amount of $25 was returned with the bank statement. g. Check #842 for $76 was erroneously recorded on the books at $67. h. A credit memo for $3.18 for interest earned was included with the bank statement.

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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