Please prepare bank reconciliation and show solutions. Prepare all journal entri

Question

Please prepare bank reconciliation and show solutions. Prepare all journal entries.

Bank Reconciliation Bank statement balance Book balance Add Add    Deduct Deduct Adjusted bank balance Adjusted book balance Kasten Company's bank statement and the check register are shown below. Assume that all amounts on the bank statement are correct. October Bank Statement Check Register for October 1-Oct Beginning Balance S 1-Oct Beginning Balance 12,568 (389) (2,120) 3,100 (213) 3,440 (1,800) 1,500) 106) (25) 135 13,090 12,179 (213) (2,120) (850) 3,100 (1,500) 3,440 (789) (106) (250) 2,013 14,904 5 Check 5605 3 Check No. 5601 11 Check No. 5606 14 Deposit 15 Check No. 5605 22 Deposit 25 NSF Check No 119 28 Check No. 5608 29 Check No. 5610 30Bank Service Charge 30 Interest Earned 8 Check 5606 12 Check 5607 14 Deposit 21 Check 5608 22 Deposit 24 Check 5609 25 Check 5610 29 Check 5611 30 Deposit 30 End Balance 30 Ending Balance Based on the bank statement and check register, prepare a bank reconciliation statement dated October 31 and all necessary Journal Entries

Explanation / Answer

Bank reconciliation statement

Journal

Bank statement balance $13090 Book balance $14904 Add: Deposits in transit Add: Interest earned Oct 10 $2013 2013 Oct 30 $135 135 Less: Outstanding checks Less: Check 5607 850 NSF Checks 1800 Check 5609 789 Bank service charge 25 (1825) Check 5611 250 (1889) Adjusted bank balance $13214 Adjusted book balance $13214

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.