Question

Presented below is information related to Iwer Inc.

Balance per books at May 31, $61,847.85; receipts $171,946.95; disbursements $164,893.54.

The following checks were outstanding at June 30.

#224 $1,825.50

#230 3,528.90

#232 2,451.30

#233 482.17

Balance per bank statement June 30, $56,274.20. Included with the June bank statement and

not recorded by the company were a bank debit memo for $45 covering bank charges for the

month, a debit memo for $851.25 for a customer’s check returned and marked NSF, and a

credit memo for $1,400 representing note receivable in the name of Iwer Inc. Cash on hand at

June 30 recorded and awaiting deposit amounted to $21,915.40.

Required: Prepare a bank reconciliation (to the correct balance) at June 30, for Iwer Inc. from the

information above.

Answer 1

Answer:

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