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a balance of $11,670. The bank statement indicated a balance of $13,640 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
Checks outstanding totaled $4,910.
A deposit of $5,120, representing receipts of April 30, had been made too late to appear on the bank statement.
The bank collected $2,660 on a $2,520 note, including interest of $140.
A check for $770 returned with the statement had been incorrectly recorded by Lakeshore Gelato as $700. The check was for the payment of an obligation to Sprinkles Supply Co. for the purchase on account.
A check drawn for $40 had been erroneously charged by the bank as $400.
Bank service charges for April amounted to $50.
Sagot :
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