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Use the following bank statement and T-account to prepare the May 31 Checks Date May 1 4 #2 $ 40 12 #4 130 28 #5 50 #6 45 #8 85 30 May 31 BANK STATEMENT Deposits $ 80 320 NSF check Other Service charge $80 35 Balance $320 360 150 100 375 255

Use the following bank statement and T-account to prepare the May 31 Checks Date May 1 4 #2 $ 40 12 #4 130 28 #5 50 #6 45 #8 85 30 May 31 BANK STATEMENT Deposits $ 80 320 NSF check Other Service charge $80 35 Balance $320 360 150 100 375 255

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Date May 1 4 May 1 May 3 W WN 12 28 #5 30 108 Checks May 29 May 30 May 31 #2 $ 40 #4 130 50 45 85 #6 ## 600 May 31 #8 Cash (A) 320 80 320 210 425 BANK STATEMENT Deposits $ 80 320 40 100 130 50 45 55 85 NSF check Other Service charge May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 $80 35 Balance $320 360 150 100 375 255
Transcribed Image Text:Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Date May 1 4 May 1 May 3 W WN 12 28 #5 30 108 Checks May 29 May 30 May 31 #2 $ 40 #4 130 50 45 85 #6 ## 600 May 31 #8 Cash (A) 320 80 320 210 425 BANK STATEMENT Deposits $ 80 320 40 100 130 50 45 55 85 NSF check Other Service charge May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 $80 35 Balance $320 360 150 100 375 255
Bank Statement Ending Balance per Bank Statement Additions: Deductions: Up-to-Date Cash Balance Bank Reconciliation May 31 $ 0 0 Company's Books Ending Balance per Cash Account Additions: Deductions: 0 0 Up-to-Date Cash Balance $ 0 0 O 0
Transcribed Image Text:Bank Statement Ending Balance per Bank Statement Additions: Deductions: Up-to-Date Cash Balance Bank Reconciliation May 31 $ 0 0 Company's Books Ending Balance per Cash Account Additions: Deductions: 0 0 Up-to-Date Cash Balance $ 0 0 O 0
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