Use the following information to prepare a bank reconciliation for McGoo Company at August 31, 2019:
(1) Cash account balance, $18,273.40.
(2) Bank statement balance, August 31, $16,315.00.
(3) Deposits in transit, $2,800.00.
(4) Outstanding checks, August 31, $1,850.80.
(5) Service charge on bank statement not recorded in books, $44.00.
(6) Bank error - another company's check charged on McGoo Company's bank statement, $245.20.
(7) Check for repairs expense, $1,680, incorrectly recorded in books as $960.00.

Question

Use the following information to prepare a bank reconciliation for McGoo Company at August 31, 2019: 
(1) Cash account balance, $18,273.40.
(2) Bank statement balance, August 31, $16,315.00.
(3) Deposits in transit, $2,800.00.
(4) Outstanding checks, August 31, $1,850.80.
(5) Service charge on bank statement not recorded in books, $44.00.
(6) Bank error - another company's check charged on McGoo Company's bank statement, $245.20.
(7) Check for repairs expense, $1,680, incorrectly recorded in books as $960.00.

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The Answer of Use the following information to prepare a bank reconciliation for McGoo Company at August 31, 2019: 
(1) Cash account balance, $18,273.40.
(2) Bank statement balance, August 31, $16,315.00.
(3) Deposits in transit, $2,800.00.
(4) Outstanding checks, August 31, $1,850.80.
(5) Service charge on bank statement not recorded in books, $44.00.
(6) Bank error - another company's check charged on McGoo Company's bank statement, $245.20.
(7) Check for repairs expense, $1,680, incorrectly recorded in books as $960.00.

Use the Following Information to Prepare a Bank Reconciliation for McGoo