FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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28. Prepare the bank reconciliation and prepare the
a. Checks outstanding totaled $5,659
b. A deposit of $7,652, representing receipts of December 31, had been made too late to spear on the bank statement
c. A direct deposit of $57 was made to the company’s bank account for a refund of excess fees that the bank had previously withdrew.
d. A check for $253 returned with the statement had been incorrectly charged by the bank as $325
e. A check for $412 returned with the statement had been recorded by XYZ as $142. The check was for the payment of an obligation to EFG Co on account.
f. Bank service charges for June amounted to $5
g. A check for $375 from a customer was returned by the bank due to insufficient funds
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