Business, 06.06.2020 01:03, bellad0124outlookcom
Xenon Inc.’s August 31 bank statement had an ending cash balance of $2,567. On August 31, Xenon’s general ledger showed a balance of $860. After comparing the general ledger to the bank statement the following items were noted: Outstanding checks: $2,250 Interest paid by the bank: $12 An NSF check from one of Xenon’s customers: $32 Deposits in transit: $1,900 A service fee charged by the bank: $8 A direct deposit from a customer: $1400 Check #345 was written at Acme Insurance; the amount of the check was $615. It was recorded in the general ledger for $600. Prepare a bank reconciliation for Xenon, Inc.
Answers: 3
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Xenon Inc.’s August 31 bank statement had an ending cash balance of $2,567. On August 31, Xenon’s ge...
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