Safari FileEdit View History Bookmarks Window Hep 9. 3.00 points Beckett Co, rec

Question

Safari FileEdit View History Bookmarks Window Hep 9. 3.00 points Beckett Co, received es bank statement for the month ending June 30, 2016, and reconoiled the statement balance to the June 30, 2016, balance in the Cash account. The reconoiled balance was determined to be $6,171. The reconciliation recognized the following tems 1. Deposits in transit were $3,325 2. Outstanding checks totaled $2,522 3. Bank service charges shown as a deduction on the bank statement were $52 4. An NSF check from a customer for $652 was included with the bank statement. Beckett Co. had not been previously noified that the check had been returmed NSF 5. Indded in the canceled checks was a check written for $760 However, it had been recorded as disbursement of $900 Required: Prepare the Bank reconcillation stabement for the month ending June 30, 2016. Bank R Balance per books Balance per bank Bank service charge Check recording error Deposits in transit NSF check Outstanding checks Reconciled balance Reconciled balance

Explanation / Answer

Beckett Company Bank Reconciliation June 30, 2016 Balance as per bank (bal. fig.) $ 5,368 Balance as per books (bal. fig.) $ 6,655 Add: Add: Deposit in transit $ 3,325 Check recording error ($980 - $760) $ 220 $ 3,325 $     220 Deduct: Deduct: Outstanding cheks $ 2,522 Bank service charges $   52 NSF cheks $ 652 $ 2,522 $     704 Reconcilled balance $ 6,171 Reconcilled balance $ 6,171

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