The following information is available for Ashley Company for the month ending June 30, 2019. Balance as per the bank statement is $11,240. Balance as per books is $10,200. Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13. A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue  of $55 on June 20. The bank statement indicated service charges of $20.   Prepare bank reconciliation for Ashley Company for June 30, 2019

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information is available for Ashley Company for the month ending June 30, 2019.

  • Balance as per the bank statement is $11,240.
  • Balance as per books is $10,200.
  • Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement.
  • A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated.
  • A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13.
  • A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue  of $55 on June 20.
  • The bank statement indicated service charges of $20.

 

Prepare bank reconciliation for Ashley Company for June 30, 2019.

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