Homework Help is Here – Start Your Trial Now!
Business
Accounting
91,350.00 As of February 29, 2020 the bank statement showed an ending balance of The unadjusted cash account balance on the books was 95,725.00 The following reconciling information is available. 24,433.50 1 Deposit in Transit not processed by bank 2 Credit memo in bank statement for interest earned by company 3 Outstanding Check not processed by bank 4 Debit memo for service charge processed by bank 126.00 20,020.00 87.50 Please reconcile the bank account by comparing the bank statement balance to the cash balance on the books. SSS

91,350.00 As of February 29, 2020 the bank statement showed an ending balance of The unadjusted cash account balance on the books was 95,725.00 The following reconciling information is available. 24,433.50 1 Deposit in Transit not processed by bank 2 Credit memo in bank statement for interest earned by company 3 Outstanding Check not processed by bank 4 Debit memo for service charge processed by bank 126.00 20,020.00 87.50 Please reconcile the bank account by comparing the bank statement balance to the cash balance on the books. SSS

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%
please with explanation
As of February 29, 2020 the bank statement showed an ending balance of The unadjusted cash account balance on the books was 91,350.00 95,725.00 The following reconciling information is available. 1 Deposit in Transit not processed by bank 2 Credit memo in bank statement for interest earned by company 3 Outstanding Check not processed by bank 4 Debit memo for service charge processed by bank 24,433.50 126.00 20,020.00 87.50 Please reconcile the bank account by comparing the bank statement balance to the cash balance on the books. SSS
Transcribed Image Text:As of February 29, 2020 the bank statement showed an ending balance of The unadjusted cash account balance on the books was 91,350.00 95,725.00 The following reconciling information is available. 1 Deposit in Transit not processed by bank 2 Credit memo in bank statement for interest earned by company 3 Outstanding Check not processed by bank 4 Debit memo for service charge processed by bank 24,433.50 126.00 20,020.00 87.50 Please reconcile the bank account by comparing the bank statement balance to the cash balance on the books. SSS
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS