The bank statement for Betty Company indicates a balance of $20,000 on September 30, 2021. After the journals for September had been posted, the cash account in the depositor's books had a balance of $19,800. The following reconciling items are available to prepare a bank reconciliation for Betty Company. (1) Bank debit memorandum for service charges, $60. () Bank credit memorandum for interest earned, $374. (in) Bank debit memorandum for $170 NSF (not sufficient funds) check from a customer. (iv) Cash sales of $450 had been erroneously recorded in the cash account as $324. (v) A check paid for $980 was erroneously recorded by the bank in the bank statement as $1,530. (vi) Checks outstanding, $1,180. (vi) Deposits in transit not recorded by bank, $700. Required: Prepare the bank reconciliation for Betty Company as of September 30, 2021
The bank statement for Betty Company indicates a balance of $20,000 on September 30, 2021. After the
journals for September had been posted, the cash account in the depositor's books had a balance of $19,800.
The following reconciling items are available to prepare a bank reconciliation for Betty Company.
(1)
Bank debit memorandum for service charges, $60.
() Bank credit memorandum for interest earned, $374.
(in) Bank debit memorandum for $170 NSF (not sufficient funds) check from a customer.
(iv) Cash sales of $450 had been erroneously recorded in the cash account as $324.
(v)
A check paid for $980 was erroneously recorded by the bank in the bank statement as $1,530.
(vi) Checks outstanding, $1,180.
(vi) Deposits in transit not recorded by bank, $700.
Required:
Prepare the bank reconciliation for Betty Company as of September 30, 2021
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