Tamarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows. Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.) Cash balance per bank$4,040.20Add: NSF check450.00Less: Bank service charge32.00Adjusted balance per bank$4,458.20Cash balance per books$4,355.20Less: Deposits in transit770.00Add: Outstanding checks937.00Adjusted balance per books$4,522.20

A bank reconciliation statement; BRS is prepared by firm when the cash balance of books doesn't…

amarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows. Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

amarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows. Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Tamarisk is unable to reconcile the bank balance at January 31. Tamarisk’s reconciliation is as follows.

Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

Cash balance per bank
$4,040.20
Add: NSF check
450.00
Less: Bank service charge
32.00
Adjusted balance per bank
$4,458.20
Cash balance per books
$4,355.20
Less: Deposits in transit
770.00
Add: Outstanding checks
937.00
Adjusted balance per books
$4,522.20

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