Use the following information to prepare a bank reconciliation for Larkin Company at August 31, 2019:
(1) Cash account balance, August 31, $10,335.30.
(2) Bank statement balance, August 31, $12,380.50.
(3) Deposits in transit, $960.00.
(4) Outstanding checks, August 31, $3,190.20.
(5) Service charge on bank statement not recorded in books, $25.00.
(6) Bank error--another company's check charged on Larkin Company's bank statement, $250.00.
(7) Check for repairs expense, $670.00, incorrectly recorded in books as $760.00.
Correct Answer:
Verified
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