The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.Balance per bank statement $5,327Balance per books as of June 30 9,265Outstanding checks: #1007$ 241 #100867 #1009597 Deposits in transit229 4,111 Bank service charges98 NSF check412 Credit memo for interest earned16 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: Prepare a bank reconciliation as of June 30.Doug's Sky Diving Supply StoreBank ReconciliationJune 30, 20--Bank statement balanceAdjusted bank balanceBook balance Adjusted book balance

Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

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Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.4E

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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:

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

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