amarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows.   Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

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

 
Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)
Cash balance per bank
$4,040.20
Add: NSF check
450.00
Less: Bank service charge
32.00
Adjusted balance per bank
$4,458.20
Cash balance per books
$4,355.20
Less: Deposits in transit
770.00
Add: Outstanding checks
937.00
Adjusted balance per books
$4,522.20
Transcribed Image Text:Cash balance per bank $4,040.20 Add: NSF check 450.00 Less: Bank service charge 32.00 Adjusted balance per bank $4,458.20 Cash balance per books $4,355.20 Less: Deposits in transit 770.00 Add: Outstanding checks 937.00 Adjusted balance per books $4,522.20
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