The unadjusted cash account balance for Few Company at December 31,2012 is $21,380.The bank statement showed an ending balance of $27,388 on that date.The following information is available: Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $234,but was recorded on the books at $432.Few uses the perpetual inventory system.
Required:
Prepare a bank reconciliation as of December 31,2012.

Question

The unadjusted cash account balance for Few Company at December 31,2012 is $21,380.The bank statement showed an ending balance of $27,388 on that date.The following information is available:  Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $234,but was recorded on the books at $432.Few uses the perpetual inventory system.
Required:
Prepare a bank reconciliation as of December 31,2012.

Quizplus · Accepted Answer

The Answer of The unadjusted cash account balance for Few Company at December 31,2012 is $21,380.The bank statement showed an ending balance of $27,388 on that date.The following information is available:  Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $234,but was recorded on the books at $432.Few uses the perpetual inventory system.
Required:
Prepare a bank reconciliation as of December 31,2012.

The Unadjusted Cash Account Balance for Few Company at December