The following data were accumulated for use in reconciling the bank account of Kidstock Co.
Which of the reconciling items listed in Exercise 7-16 require an entry in the company’s accounts?
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 The following data were accumulated for use in reconciling the bank account of Kidstock Co.
                                                   for March:
a.        Cash balance according to the company’s records at March 31, $7,671.45.
b.       Cash balance according to the bank statement at March 31, $4,457.25.
c.        Checks outstanding, $2,276.20.
d.       Deposit in transit, not recorded by bank, $5,780.40.
e.        A check for $145 in payment of an account was erroneously recorded in the check register at $451.
f.        Bank debit memorandum for service charges, $16.00.
Prepare a bank reconciliation, using the format shown in Exhibit  7.
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Posted 28 May 2017 09:05 AM
My Price 5.00
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