detailed solutions please (NOTE THIS IS THE COMPLETE QUESTION) Pat\'s Pastries r

Question

detailed solutions please (NOTE THIS IS THE COMPLETE QUESTION)

Pat's Pastries received its bank statement for February which showed the following information: Ending Balance NSF Check Service Charge $16,201.50 340.00 16.35 The accountant compared the bank statement and the accounting records and found the following information: The balance per books at February 28 is $17,329.60 The service charge and NSF check have not been recorded. Outstanding checks were: #1259 #1276 #1278 $124.65 237.44 266.91 A deposit made on February 28 is not on the bank statement. Prepare a proper bank reconciliation.

Explanation / Answer

Bank reconciliation February 28 Balance as per bank statement 16201.5 Add: Deposits in transit 1400.75 17602.25 Less: Outstanding checks 629 Adjusted bank balance 16973.25 Balance as per books 17329.6 Less: NSF check 340 Service charge 16.35 Adjusted book balance 16973.25

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

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