Prepare the June bank reconciliation for Low Company using the reconciling items below.The cash balance for Low Company was $8,110.The balance on the bank statement was $12,505.
a.$50 bank service charge
b.$4,889 worth of outstanding checks
c.$118 check for insufficient funds returned by the bank
d.Low Company deposited $576 worth of checks that are not on the bank statement.
e.The bank collected a note receivable for Low Company worth $275.
f.The bank charged Low Company $25 to collect the note receivable.

Question

Quizplus · Accepted Answer

The Answer of Prepare the June bank reconciliation for Low Company using the reconciling items below.The cash balance for Low Company was $8,110.The balance on the bank statement was $12,505.
a.$50 bank service charge
b.$4,889 worth of outstanding checks
c.$118 check for insufficient funds returned by the bank
d.Low Company deposited $576 worth of checks that are not on the bank statement.
e.The bank collected a note receivable for Low Company worth $275.
f.The bank charged Low Company $25 to collect the note receivable.

Prepare the June Bank Reconciliation for Low Company Using the Reconciling