Question

The following information is available for Brown Basket Company regarding its May 31, 2012, bank statement:

Balance per books is $7,766.25.

Balance per bank is $6,489.31.

Cheque #321 for $734.25 and cheque #368 for $57.48 were not returned with the May 31 bank statement.

A deposit in transit of $2,963.67 had not been received by the bank when the bank statement was generated.

A bank debit memo indicated an NSF cheque written by Bruce Garrett to Brown Basket Company on May 13 for $325.

A bank credit memo indicated a bank collection of $1,200 and interest revenue of $45 on May 20.

The bank statement indicated service charges of $25.

Prepare a bank reconciliation for Brown Basket Company dated May 31, 2012.

 

Place New Order
It's Free, Fast & Safe

"Looking for a Similar Assignment? Order now and Get a Discount!