Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance per Cash account, June 30, $15,875.55. 2. Balance per bank statement, June 30, $16,425.56. 3. Deposits not reflected on bank statement, $1,631.25. 4. Outstanding checks, June 30, $2,836.01. 5. Service charge on bank statement not recorded in books, $24.75. 6. Error by bank—Yertel Company check charged on Young Company’s bank statement, $1,237.50. 7. Check for advertising expense, $562.50, incorrectly recorded in books as $1,170.00.
Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance per Cash account, June 30, $15,875.55. 2. Balance per bank statement, June 30, $16,425.56. 3. Deposits not reflected on bank statement, $1,631.25. 4. Outstanding checks, June 30, $2,836.01. 5. Service charge on bank statement not recorded in books, $24.75. 6. Error by bank—Yertel Company check charged on Young Company’s bank statement, $1,237.50. 7. Check for advertising expense, $562.50, incorrectly recorded in books as $1,170.00.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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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, $15,875.55.
2. Balance per bank statement, June 30, $16,425.56.
3. Deposits not reflected on bank statement, $1,631.25.
4. Outstanding checks, June 30, $2,836.01.
5. Service charge on bank statement not recorded in books, $24.75.
6. Error by bank—Yertel Company check charged on Young Company’s bank statement, $1,237.50.
7. Check for advertising expense, $562.50, incorrectly recorded in books as $1,170.00.
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