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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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
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