Debit August 1 Balance Deposits August 2 Deductions: 12 24 31 Ending balance per cash account Additions: Correct cash balance 16,615 3. Complete the following bank reconciliation. Company's Books 12,100 4,200 15 230 17 410 18 EFT 850 265 20 23 20,100 Outstanding checks at the end of July were for $280, $435, and $380. No deposits were in transit at the end of July. 6,650 5,400 Cash (A) Credit Checks written and electronic funds transfers ALLISON COMPANY Bank Reconciliation August 31, Current Year August 2 4 Deductions: Ending balance per bank statement Additions: Correct cash balance Bank Statement EFT 205 785
Debit August 1 Balance Deposits August 2 Deductions: 12 24 31 Ending balance per cash account Additions: Correct cash balance 16,615 3. Complete the following bank reconciliation. Company's Books 12,100 4,200 15 230 17 410 18 EFT 850 265 20 23 20,100 Outstanding checks at the end of July were for $280, $435, and $380. No deposits were in transit at the end of July. 6,650 5,400 Cash (A) Credit Checks written and electronic funds transfers ALLISON COMPANY Bank Reconciliation August 31, Current Year August 2 4 Deductions: Ending balance per bank statement Additions: Correct cash balance Bank Statement EFT 205 785
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 3BE
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