The Ogallah Corporation wants its bank reconciliation for March 2008 prepared and has gathered the following information.
Bank Service Charge for March 2008 $46
Ogallah wrote check number 2347 for $679.23 but the check was recorded as $769.23 on Ogallah's books.
The bank statement contained a NSF check that totaled $566 and the $35 charge to process the NSF check.
Interest earned on checking account during March 2008 $216.39.
Deposits in Transit $2,567.23.
Required: Using a two-column bank reconciliation,determine the dollar amount of the error the bank made in March 2008.Assume that all adjustments to the cash per book are correct and complete.

Question

The Ogallah Corporation wants its bank reconciliation for March 2008 prepared and has gathered the following information.
   Bank Service Charge for March 2008 $46
Ogallah wrote check number 2347 for $679.23 but the check was recorded as $769.23 on Ogallah's books.
The bank statement contained a NSF check that totaled $566 and the $35 charge to process the NSF check.
Interest earned on checking account during March 2008 $216.39.
Deposits in Transit $2,567.23.
Required: Using a two-column bank reconciliation,determine the dollar amount of the error the bank made in March 2008.Assume that all adjustments to the cash per book are correct and complete.

Quizplus · Accepted Answer

The Answer of The Ogallah Corporation wants its bank reconciliation for March 2008 prepared and has gathered the following information.
   Bank Service Charge for March 2008 $46
Ogallah wrote check number 2347 for $679.23 but the check was recorded as $769.23 on Ogallah's books.
The bank statement contained a NSF check that totaled $566 and the $35 charge to process the NSF check.
Interest earned on checking account during March 2008 $216.39.
Deposits in Transit $2,567.23.
Required: Using a two-column bank reconciliation,determine the dollar amount of the error the bank made in March 2008.Assume that all adjustments to the cash per book are correct and complete.

The Ogallah Corporation Wants Its Bank Reconciliation for March 2008