Use the information below to prepare a bank reconciliation for XYZ Company for the month of January. ∙ Outstanding checks as of January 31 amounted to $4,446. ∙ Deposits in transit as of January 31 amounted to $3,758. ∙ The ending balance per the January bank statement is $79,048 ∙ The bank statement shows that Martindale earned $300 of interest on its bank balance for the month of January. ∙ The company pays its rent of $1,972 by EFT. ∙ The bank collected Dividend Revenue for the company, $12,000. ∙The bank statement shows an EFT receipt (cash inflow into the bank for XYZ) from a customer of $962. ∙ There was a NSF check on the bank statement for $696. ∙ There was a bank charge for $40 listed on the bank statement. ∙ The ending cash balance per the books for January before any adjustments was $67,806. Prepare the bank reconciliation for XYZ Company for the month of January
Use the information below to prepare a bank reconciliation for XYZ Company for the month of January.
∙ Outstanding checks as of January 31 amounted to $4,446.
∙ Deposits in transit as of January 31 amounted to $3,758.
∙ The ending balance per the January bank statement is $79,048
∙ The bank statement shows that Martindale earned $300 of interest on its bank balance for the month of January.
∙ The company pays its rent of $1,972 by EFT.
∙ The bank collected Dividend Revenue for the company, $12,000.
∙The bank statement shows an EFT receipt (
∙ There was a NSF check on the bank statement for $696.
∙ There was a bank charge for $40 listed on the bank statement.
∙ The ending cash balance per the books for January before any adjustments was $67,806.
Prepare the bank reconciliation for XYZ Company for the month of January
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