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
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
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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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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