The bank account as a control device helps to protect cash. One of the requiremnets is to conduct periodic bank statement reconciliaitons. Using the following data, complete the bank statement reconciliation.
- Prepare a bank reconciliation using B&B's Restaurant Supply Inc Information
- ANSF check from Johny Jones for $3,164
- Two deposits made on August 31 were not on the bank statement, totaling $2,897
- August 31 balance in Cash was 2,005
- The owner had written check #1598 for $500 and recorded this check as $5000
- The balance on the bank statement as of August 31 wa $5316
- Bank service charge of $28 was shown on the bank statement
Checks #1572, 1606, 1116 and 1242 for $419, $126, $650, and $1,105 were not shown on bank statement even though the company had sent the checks