Essay
The following information was available for Anderson Company for the month ended May 31, 2015.(a) The book balance at May 31, 2015 was $3,890.22 The bank balance at May 31, 2015 was $5,660.22 Outstanding cheques amounted to $6,310.The May 31st cash receipts of $5,600 were deposited but have not yet(d)appeared on the bank statement.(e)A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques.A customer's note for $1,000 was collected by the bankinterest on the note was $110.(g)The bank incorrectly recorded a cheque payment of $1,600 as $1,500.Prepare a bank reconciliation for Anderson Company at May 31, 2015.
Correct Answer:
Verified
Correct Answer:
Verified
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