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On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance on that date of $46,574.10, and the following information on the bank statement had not been entered in the checkbook:   $24.75 Service charge $68.85 NSF charge   A review of the company’s bank statement and checkbook showed a deposit in transit of $3,919.44 and outstanding checks as follows:                   Number 234 for $281.34                 Number 236 for $445.12                 Number 237 for $2,901.60                 Number 238 for $2,411.48   Prepare a bank reconciliation in proper format.  List and total the outstanding checks at the bottom of the bank reconciliation.

On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance on that date of $46,574.10, and the following information on the bank statement had not been entered in the checkbook:   $24.75 Service charge $68.85 NSF charge   A review of the company’s bank statement and checkbook showed a deposit in transit of $3,919.44 and outstanding checks as follows:                   Number 234 for $281.34                 Number 236 for $445.12                 Number 237 for $2,901.60                 Number 238 for $2,411.48   Prepare a bank reconciliation in proper format.  List and total the outstanding checks at the bottom of the bank reconciliation.

FINANCIAL ACCOUNTING
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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  1. On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance on that date of $46,574.10, and the following information on the bank statement had not been entered in the checkbook:

 

$24.75 Service charge

$68.85 NSF charge

 

A review of the company’s bank statement and checkbook showed a deposit in transit of $3,919.44 and outstanding checks as follows:

 

                Number 234 for $281.34

                Number 236 for $445.12

                Number 237 for $2,901.60

                Number 238 for $2,411.48

 

Prepare a bank reconciliation in proper format.  List and total the outstanding checks at the bottom of the bank reconciliation. 

 

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