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Use the following bank statement and T-account to prepare the May 31 bank reconciliation.   BANK STATEMENT Date Checks Deposits Other Balance May 1                       $ 260   4 #2 $ 25   $ 65             300   12 #4   115         NSF check $ 65     120   28 #5   35                   85   30 #6   30     260             315   May 31 #8   70         Service charge   20     225       Cash (A) May 1 260     May 3 65 25 May 3 #2     85 May 4 #3     115 May 8 #4     35 May 11 #5     30 May 21 #6 May 29 260 40 May 29 #7 May 30 180 70 May 30 #8 May 31 365

Use the following bank statement and T-account to prepare the May 31 bank reconciliation.   BANK STATEMENT Date Checks Deposits Other Balance May 1                       $ 260   4 #2 $ 25   $ 65             300   12 #4   115         NSF check $ 65     120   28 #5   35                   85   30 #6   30     260             315   May 31 #8   70         Service charge   20     225       Cash (A) May 1 260     May 3 65 25 May 3 #2     85 May 4 #3     115 May 8 #4     35 May 11 #5     30 May 21 #6 May 29 260 40 May 29 #7 May 30 180 70 May 30 #8 May 31 365

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 22E
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M5-12 Preparing a Bank Reconciliation [LO 5-4]

Use the following bank statement and T-account to prepare the May 31 bank reconciliation.

 

BANK STATEMENT
Date Checks Deposits Other Balance
May 1                       $ 260  
4 #2 $ 25   $ 65             300  
12 #4   115         NSF check $ 65     120  
28 #5   35                   85  
30 #6   30     260             315  
May 31 #8   70         Service charge   20     225  
 

 

Cash (A)
May 1 260    
May 3 65 25 May 3 #2
    85 May 4 #3
    115 May 8 #4
    35 May 11 #5
    30 May 21 #6
May 29 260 40 May 29 #7
May 30 180 70 May 30 #8
May 31 365    

 

 

 

 

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