The phone data where accumulated for use and reconciling the bank account of Mathers Co. For July: 1. Cash balance according to the company's records at July 31st $18,310. 2. Cash balance according to the bank statement at July 31st, $19,360. 3. Checks outstanding, $3,720. 4 . Deposit in transit, not recorded by Bank $2,980. 5. A check for $480 in payment of an account was erroneously record it in the check register as $840. 6. Bank debit memo for service charges, $50. A. Prepare a bank reconciliation, using the format showing in exhibit 14 Mather Co. Bank Reconciliation July 31 ___________________________________________ Cash balance according to bank statement $ _______ _______ ______ Adjusted balance. $_____ Cash balance according to companies records $ ___ ________ ________ Adjusted balance. $______
The phone data where accumulated for use and reconciling the bank account of Mathers Co. For July:
1. Cash balance according to the company's records at July 31st $18,310.
2. Cash balance according to the bank statement at July 31st, $19,360.
3. Checks outstanding, $3,720.
4 . Deposit in transit, not recorded by Bank $2,980.
5. A check for $480 in payment of an account was erroneously record it in the check register as $840.
6. Bank debit memo for service charges, $50.
A. Prepare a bank reconciliation, using the format showing in exhibit 14
Mather Co.
Bank Reconciliation
July 31
___________________________________________
Cash balance according to bank statement $
_______
_______
______
Adjusted balance. $_____
Cash balance according to companies records $ ___
________
________
Adjusted balance. $______
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