The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement $5,327 Balance per books as of June 30 9,265 Outstanding checks: #1007 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 Bank service charges 98 NSF check 412 Credit memo for interest earned 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required:
The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement $5,327 Balance per books as of June 30 9,265 Outstanding checks: #1007 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 Bank service charges 98 NSF check 412 Credit memo for interest earned 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.
| Balance per bank statement |
$5,327 |
|
| Balance per books as of June 30 |
9,265 |
|
| Outstanding checks: | ||
| #1007 |
$ 241 |
|
| #1008 |
67 |
|
| #1009 |
597 |
|
| Deposits in transit |
229 |
|
|
4,111 |
||
| Bank service charges |
98 |
|
| NSF check |
412 |
|
| Credit memo for interest earned |
16 |
Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill.
Required:
Transcribed Image Text:Prepare a bank reconciliation as of June 30.
Doug's Sky Diving Supply Store
Bank Reconciliation
June 30, 20--
Bank statement balance
Adjusted bank balance
Book balance
Transcribed Image Text:Adjusted book balance
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