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You Are to Complete the June 30 Bank Reconciliation for Huang

Question 205

Essay

You are to complete the June 30 bank reconciliation for Huang, Inc. using the following information:
a
Outstanding checks: No. 181 $350No. 184 $300No, 185 $225\begin{array}{lrr} \text {Outstanding checks: } &\\ \text {No. 181 } &\$350\\ \text {No. 184 } &\$300\\ \text {No, 185 } &\$225\\\end{array}

b
Check no. 142 (for Repair....  Expense) was written for $320  but erroneously recorded in Huang’s records as $230 Difference. $90\begin{array}{lrr} \text {Check no. 142 (for Repair.... } &\\ \text { Expense) was written for \( \$ 320 \) } &\\ \text { but erroneously recorded in } &\\ \text {Huang's records as \( \$ 230 \). } &\\ \text { Difference. } &\$90\\\end{array}

c  Deposit in transit ... . $3,300\text { Deposit in transit ... . } \quad \$ 3,300


d
Note collected by bank as Huang’s agent (no interest). $2,000\begin{array}{lrr} \text {Note collected by bank as } &\\ \text {Huang's agent (no } &\\ \text {interest). } &\$2,000\\\end{array}


e  NSF check of I.M. Broke $250\begin{array}{l}\text { NSF check of I.M. Broke } &\$250\end{array}

f  Bank service charge $30\begin{array}{l}\text { Bank service charge }&\$ 30\end{array}

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