The cash account for Santiago Co. on May 31, 2011 indicated a balance of $15,515.00. The March bank statement indicated an ending balance of $20,245.00. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:
Prepare a bank reconciliation as of May 31, 2011. Journalize the necessary entries.
Santiago Co.
Bank Reconciliation
May 31, 2011
Journal

Question

The cash account for Santiago Co. on May 31, 2011 indicated a balance of $15,515.00. The March bank statement indicated an ending balance of $20,245.00. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:
  Prepare a bank reconciliation as of May 31, 2011. Journalize the necessary entries.
Santiago Co.
Bank Reconciliation
May 31, 2011
  Journal

Quizplus · Accepted Answer

The Answer of The cash account for Santiago Co. on May 31, 2011 indicated a balance of $15,515.00. The March bank statement indicated an ending balance of $20,245.00. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:
  Prepare a bank reconciliation as of May 31, 2011. Journalize the necessary entries.
Santiago Co.
Bank Reconciliation
May 31, 2011
  Journal

The Cash Account for Santiago Co