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Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. 2 Balance per bank statement, June 30. 3 Deposits not reflected on bank statement. 4 Outstanding checks, June 30. 5 Service charge on bank statement not recorded in books. 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 7 Check for advertising expense incorrectly recorded in books as Ending Balance from bank statement Add: Deposits not credited by bank Add Bank error- Yertal Company check Note: Do not round answers-enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 0x Balance from general ledger 0 Add: Check recort 0 charged against Young Company's account Less: Outstanding checks Reconciled cash balance. ✔ $7,039.80 $7,300.25 $950 $1,260.45 $35 4 $375 $260 $620 0x x Less: Service charge 0x Reconciled cash balance. Ox 0x ✔ 4 0x ox 0x ON

Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. 2 Balance per bank statement, June 30. 3 Deposits not reflected on bank statement. 4 Outstanding checks, June 30. 5 Service charge on bank statement not recorded in books. 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 7 Check for advertising expense incorrectly recorded in books as Ending Balance from bank statement Add: Deposits not credited by bank Add Bank error- Yertal Company check Note: Do not round answers-enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 0x Balance from general ledger 0 Add: Check recort 0 charged against Young Company's account Less: Outstanding checks Reconciled cash balance. ✔ $7,039.80 $7,300.25 $950 $1,260.45 $35 4 $375 $260 $620 0x x Less: Service charge 0x Reconciled cash balance. Ox 0x ✔ 4 0x ox 0x ON

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.1AP
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Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30; 1 Balance per Cash account, June 30. 2 Balance per bank statement, June 30.1 3 Deposits not reflected on bank statement. 4 Outstanding checks, June 30. 5 Service charge on bank statement not recorded in books. 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 7 Check for advertising expense incorrectly recorded in books as Ending Balance from bank statement Add: Deposits not credited by bank Add Bank error Yertal Company check Note: Do not round answers-enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 0x Balance from general ledger 0x Add: Check recort + charged against Young Company's account Less: Outstanding checks Reconciled cash balance. $7,039,80 $7,300.25 $950 $1,260.45 $35 + ✔ : 4 $375 $260 $620 0x x Less: Service charge 0x Reconciled cash balance 0x 0x S : :4 ✓ 0x 0x 0x Ox
Transcribed Image Text:Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30; 1 Balance per Cash account, June 30. 2 Balance per bank statement, June 30.1 3 Deposits not reflected on bank statement. 4 Outstanding checks, June 30. 5 Service charge on bank statement not recorded in books. 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 7 Check for advertising expense incorrectly recorded in books as Ending Balance from bank statement Add: Deposits not credited by bank Add Bank error Yertal Company check Note: Do not round answers-enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 0x Balance from general ledger 0x Add: Check recort + charged against Young Company's account Less: Outstanding checks Reconciled cash balance. $7,039,80 $7,300.25 $950 $1,260.45 $35 + ✔ : 4 $375 $260 $620 0x x Less: Service charge 0x Reconciled cash balance 0x 0x S : :4 ✓ 0x 0x 0x Ox
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