On June 30, 2019, Wally Company's bank statement showed a $7,500.10 bank balance. Wally has a beginning checkbook balance of $9,800.00. The bank statement also showed that it collected a $1,200.50 note for the company. A $4,500.10 June 30 deposit was in transit. Check No. 119 for $650.20 and check No. 130 for $381.50 are outstanding. Wally's bank charges $.40 cents per check. This month, 80 checks were processed. Prepare a reconciled statement. (Round your answers to the nearest cent.) Checkbook balance Wally's checkbook balance Add: Deduct: Reconciled balance WALLY COMPANY Bank Reconciliation as of June 30, 2019 Bank balance Add: Deduct: Reconciled balance Bank balance
On June 30, 2019, Wally Company's bank statement showed a $7,500.10 bank balance. Wally has a beginning checkbook balance of $9,800.00. The bank statement also showed that it collected a $1,200.50 note for the company. A $4,500.10 June 30 deposit was in transit. Check No. 119 for $650.20 and check No. 130 for $381.50 are outstanding. Wally's bank charges $.40 cents per check. This month, 80 checks were processed. Prepare a reconciled statement. (Round your answers to the nearest cent.) Checkbook balance Wally's checkbook balance Add: Deduct: Reconciled balance WALLY COMPANY Bank Reconciliation as of June 30, 2019 Bank balance Add: Deduct: Reconciled balance Bank balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![On June 30, 2019, Wally Company's bank statement showed a $7,500.10 bank balance. Wally has a beginning checkbook balance of
$9,800.00. The bank statement also showed that it collected a $1,200.50 note for the company. A $4,500.10 June 30 deposit was in
transit. Check No. 119 for $650.20 and check No. 130 for $381.50 are outstanding. Wally's bank charges $.40 cents per check. This
month, 80 checks were processed. Prepare a reconciled statement. (Round your answers to the nearest cent.)
Checkbook balance
Wally's checkbook balance
Add:
Deduct:
Reconciled balance
WALLY COMPANY
Bank Reconciliation as of June 30, 2019
Bank balance
Add:
Deduct:
Reconciled balance
Bank balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feda2eb0b-e360-412f-af8f-6265ed04c62d%2Fc04cc7d9-b6cc-4c82-8544-be8d8d1eee87%2F2wucpf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On June 30, 2019, Wally Company's bank statement showed a $7,500.10 bank balance. Wally has a beginning checkbook balance of
$9,800.00. The bank statement also showed that it collected a $1,200.50 note for the company. A $4,500.10 June 30 deposit was in
transit. Check No. 119 for $650.20 and check No. 130 for $381.50 are outstanding. Wally's bank charges $.40 cents per check. This
month, 80 checks were processed. Prepare a reconciled statement. (Round your answers to the nearest cent.)
Checkbook balance
Wally's checkbook balance
Add:
Deduct:
Reconciled balance
WALLY COMPANY
Bank Reconciliation as of June 30, 2019
Bank balance
Add:
Deduct:
Reconciled balance
Bank balance
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