Essay
Using the following information,prepare a bank reconciliation for Yip Inc.for May 31,2012.
a.The bank statement balance is $7,200.
b.The cash account balance is $6,024.
c.Outstanding cheques totalled $1,600.
d.Deposits in transit are $800.
e.The bank service charge is $24.
f.Electronic collections on account totalled $400.
Correct Answer:
Verified
Correct Answer:
Verified
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