Prepare a bank reconciliation for Big Blue Company for November 30, 2019 using t
ID: 2340947 • Letter: P
Question
Prepare a bank reconciliation for Big Blue Company for November 30, 2019 using the following information: a) The balance per the November 30, 2019 bank statement is $34,416.65. b) The bookkeeper mistakenly recorded a $225.00 cash disbursement as $255.00. c) The bank mistakenly recorded a deposit of $8,000 made by Big Blue Company on November 10 into the Big Two Company account. d) The bank statement indicated bank service charges of $25 for November. e) Outstanding cheques as of November 30, 2019, amount to $2,500.15. f) Deposits in transit as of November 30, 2019, amount to $1,000. g) The balance per November 30, 2019 per books is $40,911.50.
Explanation / Answer
The balance per November 30, 2019 per books is $40,911.50 Add- Amount not recorded in Books bookkeeper mistakenly recorded ( $255-$225) $30.00 Outstanding cheques as of November 30, 2019 ( Not yet credited by Bank) $2500.15 Less:- amount not recorded in Books, Mistakenly record by bank The bank statement indicated bank service charges $25.00 The bank mistakenly recorded a deposit $8000.00 Deposits in transit (not yeDeited to bank) $1000.00 The balance per the November 30, 2019 bank statement $34416.65