Using the following information, prepare a bank reconciliation.Bank balance: $4,178Book balance: $1,949Deposits in transit: $323Outstanding checks: $108 and $434Bank charges: $25Notes receivable: $2,000; interest: $35 Bank ReconciliationBank Statement Balance at (date) $fill in the blank 1Add: Deposits in TransitLess: Outstanding ChecksAdjusted Bank Balance $fill in the blank 6 Book Balance at (date) $fill in the blank 7Add: $- Select - - Select -- Select -Less: - Select -Adjusted Book Balance $fill in the blank 15

The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Answered: Using the following information,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...

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Using the following information, prepare a bank reconciliation.

Bank balance: $4,178
Book balance: $1,949
Deposits in transit: $323
Outstanding checks: $108 and $434
Bank charges: $25
Notes receivable: $2,000; interest: $35

Bank Reconciliation

Bank Statement Balance at (date)		$fill in the blank 1
Add:
		Deposits in Transit
Less:
		Outstanding Checks
Adjusted Bank Balance		$fill in the blank 6

Book Balance at (date)		$fill in the blank 7
Add:
	$- Select -
	- Select -	- Select -
Less:
		- Select -
Adjusted Book Balance		$fill in the blank 15

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