Finn Company has just received its June 30 bank statement from City Bank. The bank statement and the cash account, summarized below, are to be reconciled for the month of June.
Balance, June 1 $6,800
Required:
a. Prepare a bank reconciliation using the following format:
b. Give the journal entries that should be made in the accounts of Finn Company as a result of the above bank reconciliation.

Question

Finn Company has just received its June 30 bank statement from City Bank. The bank statement and the cash account, summarized below, are to be reconciled for the month of June.
   Balance, June 1 $6,800
  Required:
a. Prepare a bank reconciliation using the following format:
  b. Give the journal entries that should be made in the accounts of Finn Company as a result of the above bank reconciliation.

Quizplus · Accepted Answer

The Answer of Finn Company has just received its June 30 bank statement from City Bank. The bank statement and the cash account, summarized below, are to be reconciled for the month of June.
   Balance, June 1 $6,800
  Required:
a. Prepare a bank reconciliation using the following format:
  b. Give the journal entries that should be made in the accounts of Finn Company as a result of the above bank reconciliation.

Finn Company Has Just Received Its June 30 Bank Statement