The following data were gathered to use in reconciling the bank account of Eves Company. Prepare a bank reconciliation in the proper format. Balance per bank $9,350 Balance per company records 8510 Bank service charges 35 Deposit in transit 2350 NSF check 1875 Outstanding checks 5100

The following data were gathered to use in reconciling the bank account of Eves Company. Prepare a bank reconciliation in the proper format. Balance per bank $9,350 Balance per company records 8510 Bank service charges 35 Deposit in transit 2350 NSF check 1875 Outstanding checks 5100

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

The following data were gathered to use in reconciling the bank account of Eves Company. Prepare a bank reconciliation in the proper format.

Balance per bank $9,350

Balance per company records 8510

Bank service charges 35

Deposit in transit 2350

NSF check 1875

Outstanding checks 5100

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