Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2013.
(a)The bank statement balance is $ \$ 2,597 $.
(b)The cash ac count balance is $ \$ 2,680 $.
(c)Outstanding checks amounted to $ \$ 703 $.
(d)Deposits in transit are $ \$ 732 $.
(e)The bank service charge is $ \$ 25 $.
(f)Interest ad ded to the che cking account by the bank is $ \$ 7 $.
(g)A check drawn for $ \$ 59 $ was incorrectly charged by the bank as $ \$ 95 $.

Question

Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2013.
 (a)The bank statement balance is $ \$ 2,597 $.
(b)The cash ac count balance is $ \$ 2,680 $.
(c)Outstanding checks amounted to $ \$ 703 $.
(d)Deposits in transit are $ \$ 732 $.
(e)The bank service charge is $ \$ 25 $.
(f)Interest ad ded to the che cking account by the bank is $ \$ 7 $.
(g)A check drawn for $ \$ 59 $ was incorrectly charged by the bank as $ \$ 95 $.

Quizplus · Accepted Answer

The Answer of Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2013.
 (a)The bank statement balance is $ \$ 2,597 $.
(b)The cash ac count balance is $ \$ 2,680 $.
(c)Outstanding checks amounted to $ \$ 703 $.
(d)Deposits in transit are $ \$ 732 $.
(e)The bank service charge is $ \$ 25 $.
(f)Interest ad ded to the che cking account by the bank is $ \$ 7 $.
(g)A check drawn for $ \$ 59 $ was incorrectly charged by the bank as $ \$ 95 $.

Using the Following Information, Prepare a Bank Reconciliation for Salem $2,597 \$ 2,597 $2,597

Using the Following Information, Prepare a Bank Reconciliation for Salem $\$ 2,597$