Response to the following problem:
Reconciling a bank statement and recording a bank service charge Forms are given in the Working Papers. Work these problems independently. On April 30 of the current year, Able Service Co. received a bank statement dated April 29.
The following information is obtained from the bank statement and from the records of the business.
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Bank statement balance
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$3,184.00
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Outstanding checks:
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Bank service charge
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15.00
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No. 115
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$ 70.00
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Outstanding deposits:
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No. 117
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313.00
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April 29
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360.00
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No. 118
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80.00
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April 30
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510.000
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1. Prepare a bank statement reconciliation. Use April 30 of the current year as the date.
2. Record the service charge on check stub No. 119.
3. Record the service charge on journal.