a-recene!ation for the Big Max-any, ..s of 4/30/17 The balance as of 4/30/17 is

Question

a-recene!ation for the Big Max-any, ..s of 4/30/17 The balance as of 4/30/17 is $25,320.90 on the general ledger cash aocount The balance on the most recent bank statement ib $35,244.90 The c Company made a deposit of $4,402.80, which was not received by the banik until efter the end of the current statement period. A comparison of the checks which have cleared on the bank statement vs. the check payments journal from the company's books shows the following checks have not yet cleared: # 8803 for $6,000.00 8807 for $2,802.60 # 8900 for S3,003A0 A check from the Bouncer Company was declared as NSF by the bank. The amount of the check was $851.20. The bank charged us $40 as a service fee for our safe deposit box and another $50 for a cycle service charge. Big Max earned $62.00 of interest on their Cash Management system with the banking institution. The bank statement indicated an EFT in the amount of $3,400 from customer Jasper LTD.

Explanation / Answer

Bank Reconciliation Statement Dr Cr Balance as per Genral ledger cash account 25320.9 Cheques depsoited not cleared and credited by bank 4402.8 Cheques issued but not preented yet (6000+2802.60+3003.40) 11806 Cheque of bouncer company declared NSF by Bank 851.2 Bank charges levied by bank ( 40+50) 90 Interest credited by bank 62 EFT made by customer Jasper ltd 3400 Balance as per Bank statement 35244.9 40588.9 40588.9

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