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Chrome File Edit View History Bookmarks People Window Help 36%). Fri 11:52 AM E CengageNOWv2 Online teaching and learning resource from Cengage Learning v2.cengagenow.com/ilrn/takeAssignment takeAssignmentMain.doPinvokers&takeAssignmentSessionLocator;=assignment-takeBinprogress-false Comprehensive Problem 3 Part 2: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing part 2. Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31, $283,000 b. Balance according to the ledger at December 31, $245,410 c. Checks outstanding at December 31, $68,540 d. Deposit in transit, not recorded by bank, $29,500 e. Bank debit memo for service charges, $750 f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000 Kornett Company Bank Reconciliation December 31, 20Y5 Adjustments Total adjustments Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading 24

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Part 2

Part 1

Part 3

Kornett Company Bank Reconciliation December 31, 20Y5 Balance as per bank statements $ 283,000 Adjustments Less: Outstanding checks $ (68,540) Add: Deposit in transit $   29,500 Total adjustments $ (39,040) Adjusted bank balance $ 243,960 Balance as per bank statements $ 245,410 Adjustments Less: Bank charges $       (750) Less: Rectification of wrong entry $       (700) Total adjustments $    (1,450) Adjusted cash balance $ 243,960

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