Swifty Wyatt is unable to reconcile the bank balance at January 31. Swifty’s reconciliation is as follows. Cash balance per bank   $3,820.20 Add: NSF check   560 Less: Bank service charge   31 Adjusted balance per bank   $4,349.20       Cash balance per books   $4,135.20 Less: Deposits in transit   660 Add: Outstanding checks   936 Adjusted balance per books   $4,411.20   Prepare a correct bank reconciliation

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Swifty Wyatt is unable to reconcile the bank balance at January 31. Swifty’s reconciliation is as follows.

Cash balance per bank  
$3,820.20
Add: NSF check  
560
Less: Bank service charge  
31
Adjusted balance per bank  
$4,349.20
     
Cash balance per books  
$4,135.20
Less: Deposits in transit  
660
Add: Outstanding checks  
936
Adjusted balance per books  
$4,411.20

 

Prepare a correct bank reconciliation

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