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 Compa
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 Compa
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 16CE
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.
7 Check for advertising expense
715
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
%24
$4.
442,50 Add: Check
33alance from general ledger
Endry Balac from bank, s4490.33alance fram general ledger
375
67
Add: Bepesa nf credited
recorc
Add: Bank error- Yertal Company check
715
14,30
charged against Young Company's account 773
Less: lets
Reconsile
check
Less:
%24
ed cnsu balapke
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1dfb2af6-3175-4be1-af94-76520e276b8e%2Ff1179a75-c292-4973-83fc-0b7be4b3fe52%2Fty8f7pp_processed.jpeg&w=3840&q=75)
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.
7 Check for advertising expense
715
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
%24
$4.
442,50 Add: Check
33alance from general ledger
Endry Balac from bank, s4490.33alance fram general ledger
375
67
Add: Bepesa nf credited
recorc
Add: Bank error- Yertal Company check
715
14,30
charged against Young Company's account 773
Less: lets
Reconsile
check
Less:
%24
ed cnsu balapke
%24
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
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.Recommended textbooks for you
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
![Corporate Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781305653535/9781305653535_smallCoverImage.gif)
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage