The June bank statement and the cash T-account for Superior Printing Company is

Question

The June bank statement and the cash T-account for Superior Printing Company is shown below BANK STATEMENT Checks posits Balance 18,500 18,060 16,860 16,360 15,160 24,910 23,990 49,190 48,840 44,240 60,540 59,570 June 1 1,200 500 1,200 250 80 9,800 350 4,600 700 920 10 13 20 10,000 NSF 840 35,000 26 17,000 Serv. Charge Interest Earned 30 50 30 600 30 59,000 Cash June 1 Bal June 13 deposit June 22 deposit June 29 deposit June 30 deposit 18,500 10,000 35,000 17,000 28,000 440 1,200 500 1,200 250 80 9,800 350 4,600 770 4,900 700 920 600 Check #100 Check #101 Check #102 Check #103 Check #104 Check #105 Check #106 Check #107 Check #108 Check #109 Check #110 Check #111 Check #112 Check #113 June 30 Bal. Required: Pr using the bank statement and T-account above and the information below. epare a bank reconciliation for June Additional information There were no deposits in transit or outstanding checks at May 31 Note: Columns C and F must be entered as positive volues. In columns B& E, use cell references to the appropriote items from the list below. List "Deductions" in chronological order (earliest item Bank Error Deposits in Transit EFT from Customer Interest Earned NSF Check Outstanding Checks Recording Error Service Charge SUPERIOR PRINTING COMPANY Bank Reconciliation Updates to Bank Statement Updates to Com s Books Bank statement balance Additions: Book balance Additions: Deductions: Deductions: Adjusted bank balance Adjusted book balance

Explanation / Answer

Bank Reconcilation

At june 30

Bank Reconcilation

At june 30

Update to bank statement 59000 Update to company books 82190 Add: Add: Deposit in transit 28000 Interest earned 30 Deductions Deductions outstanding checks [4900+770] (5670) NSF returned (840) service charge (50) Adjusted bank balance 81330 Adjusted book balance 81330

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