Solved

The Following Information Is Available for Bosch Company for the Month

Question 192

Essay

The following information is available for Bosch Company for the month of May.
a.On May 31,after all transactions have been recorded,the balance in the company's Cash account has a balance of $6,322.
b.The company's bank statement shows a balance on July of $6,450.
c.Outstanding checks total $63.
d.A $47 NSF check from a customer,T.Shannon is shown on the bank statement but not yet recorded by Bosch Company.
e.A deposit placed in the bank's night depository on May 31 totaling $275 did not appear on the bank statement.
f.Bank fees for check printing of $45 are not yet recorded by Bosch Company.
g.A note receivable for $432 is collected by the bank for Bosch Company,but it not yet recorded by Bosch Company.
Prepare the May bank reconciliation for the Bosch Company.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents