Business, 23.02.2021 22:40, dedrell16

Reconciliation. The following information is available. 3. It is March 31 and Fry Company is ready to prepare its March bank
March 1 balance -... Br. 28,350
Deposits
Company Cash Account
Checks...53,000
51,468
Bank Statement, March 31:
Balance, March 1
-Br. 30,800
Deposits
51.198
Checks cleared
(54,118)
(100)
NSF checks (customer zinny)
Note collected for depositor (including interest, Br. 80) ---1680
Interest on bank balance
36
Bank service charge
Br.29, 482
Balance, March 31 Br.
Additional information:
(1) The company overstated one of its deposits by Br. 20; the bank
recorded it correctly,
(2) The bank cleared a Br. 178 check as Br. 187; the error has not
been corrected by the balance
(3) End of February: deposits in transit, Br. 1550; checks outstanding
Br. 4000
Required:
(1) Based on the data given above, compute the March 31 deposits in
transit and checks outstanding
(2)Prepare a bank reconciliation for March (Hint: A check figure, Br.
28,400). Use bank and book balance to correct cash balance format
(3) Give all journal entries that should be made
ing data of sky company for December, year 7

Answers: 3

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Reconciliation. The following information is available. 3. It is March 31 and Fry Company is ready...