Use the following information to prepare a bank reconciliation for Dillon Compan

Question

Use the following information to prepare a bank reconciliation for Dillon Company at April 30:

1 Balance per Cash account, April 30. 2 Balance per bank statement, April 30. 3 Deposits not reflected on bank statement. 4 Outstanding checks, April 30. 5 Service charge on bank statement not recorded in books. 6 Error by bank-Dillard Company check charged on $6,042.10 $6,553.28 $450 $1,340.18 $19 Dillon Company's bank statement. Check for advertising expense incorrectly recorded in books as $450 $120 $210 7

Explanation / Answer

Balance per bank statement 6553.28 Balance per cash account 6042.1 Add: Deposits in transit 450 Add: Error in recording 90 Error in recording 450 7453.28 6132.1 Less: Outstanding checks 1340.18 Less: Service charge 19 Adjusted cash balance 6113.1 Adjusted cash balance 6113.1

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