Using the following information, prepare a bank reconciliation. • Bank balance: $4,021 • Book balance: $2,928 • Deposits in transit: $1,111 • Outstanding checks: $679 Bank charges: $35

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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Using the following information, prepare a bank reconciliation.
• Bank balance: $4,021
• Book balance: $2,928
Deposits in transit: $1,111
Outstanding checks: $679
• Bank charges: $35
• Notes receivable: $1,325; interest: $325
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Transcribed Image Text:Using the following information, prepare a bank reconciliation. • Bank balance: $4,021 • Book balance: $2,928 Deposits in transit: $1,111 Outstanding checks: $679 • Bank charges: $35 • Notes receivable: $1,325; interest: $325 Search entries or author Unread Reply Replies are only visible to those who have posted at least one reply. Previous MacBook Air F7 20 F3 O00 ロロロ F5 F6 F4 & $ 4 5 6 #3
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