Question

Required information (The following information applies to the questions displayed below) Part 1 of 3 The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 29. The February bank statement and the February T-account for cash showed the following summarized) Balance, February 1 BANK STATEMENT Deposits #101 $10,300 $13,500 $60.500 42.200 $385 February February #107 55.315 42.315 13.000 16.00 49.665 February 19 February 23 February 26 February 27 February 28 #104 #105 11,000 3.050 16.000 55,255 47,215 47,495 47.445 Interest earned Service charge 200 50 60.500 13.500 18.300 16.000 13.000 16.800 8.850 .100 11,000 8,050 Tab Th 7 Feb 11 Feb 17 Feb 25 101 102 103 2104 105 Teb 28 Feb. 29 Balance Tony Company's bank reconciliation at the end of January showed no outstanding checks. No obosits were in transitat the end of January, but a deposit was in transit at the end of February Required: 1 Preparebank reconciation for February

Answer 1

solution fel Tony company Bank Reconciliation At - Bank Statement Company Books 1 Ending balance for Bank Statement 47,445 Endling balance for cash Accounts: 55,180 Additiors! Additions - 9,00 9,100 Interest earned 280 280 February 29 . Bank Statement 47 Deposits in transit Dedoctions: outstanding checks 1520 1520 Deductions: - service charge NSF 50 1385 H35 up-to-date cash balana :- [55,025 up to date cash balance! 55,028