1. Prepare a bank reconciliation for Summer Corp. Balance per Summer Company books $500,000 Balance per Citi bank $510,000 Reconciling items Outstanding Checks $40,000 Nonsufficient funds Check $10,000 Deposits in transit $19,000 Bank Fees $1,000
1. Prepare a bank reconciliation for Summer Corp. Balance per Summer Company books $500,000 Balance per Citi bank $510,000 Reconciling items Outstanding Checks $40,000 Nonsufficient funds Check $10,000 Deposits in transit $19,000 Bank Fees $1,000
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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