Sky Company is unable to reconcile the bayk balance at January 31. Sky's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books (a) $5,300 1,570 35 $6,835 $5,705 750 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.) SKY COMPANY Bank Reconciliation > > SA $ $ $ $ $
Sky Company is unable to reconcile the bayk balance at January 31. Sky's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books (a) $5,300 1,570 35 $6,835 $5,705 750 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.) SKY COMPANY Bank Reconciliation > > SA $ $ $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows.
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
Adjusted balance per books
(a)
$5,300
1,570
35
$6,835
$5,705
750
1,950
$6,905
Prepare a correct bank reconciliation. (List items that increase cash balance first.)
V
SKY COMPANY
Bank Reconciliation
V
V
> >
$
$
$
$
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