CHAPTERS The Bunk statement er Central Co indicates a balan

CHAPTERS & The Bunk statement er Central Co indicates a balance of $8,141 on June 30 The cash account general ledger on the company\'s records had a balance of S3seo as of hne 30 Conparison of the bank statement, the canceled check nemorundums with the company records revealed the 16 and the tems outstading totaled $1.923 D A$1.100 deposit shown on the bank statement was erroneously let out of the cash account balance on the company\'s records A deposit made on June 30 of$750 was made too late to appear on th bank statement (C) The bank collected $2,500 for Central Co. on a note left for collection A degusit of $269 was incorrectly added by the bank as $296. Bank Service charges for June amounted to $30 (E) CENTRAL CO Bank Reconciliabon As of June 30 2018 BALANCE PER BANK STATEMENT ADD DEDUCT ADJUSTED BALANCE BALANCE PER DEPOSITOR\'S RECORDS: ADD: DEDUCT: JUSTED BALANCE:

Solution

Bank Reconciliation Statement: Bank balance 8341 Additions: Deposits in transit 750 9091 Deduct: Outstanding checks 1925 Error in recording deposited check 27 Adjusted balance as per Bbank 7139 Balance as per Books 3569 Additions: Notes collected 2500 Add: Deposits ommitted to be recorded 1100 7169 Less: Service charges not recorded 30 Adjusted balance as per Books 7139