Question

core: 0 of 1 pt 3 of 4 (1 complete) HW Score: 25%, 1 of 4 pt -end_summary (similar to) Next Question Question Help The cash account of White Associates at February 28, 2018, is as White Associates received the following bank statement on February follows: 28, 2018 (negative amounts are in parentheses): Click the icon to view the cash account.) Click the icon to view the bank statement.) White deposits all cash receipts in the bank and makes all payments by Read the requirements. check. Requirement 1. Prepare the bank reconciliation of White Associates at February 28, 2018. Begin with the bank section, then complete the book section. (Include the balances at February 28 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) White Associates Bank Reconciliation February 28, 2018 Add Less: Choose from any list or enter any number in the input fields and then click Check Answer parts 6 remaining Clear All Check Answer

Answer 1

White Associates Bank Reconcillation February 28, 2018
Bank:
Balance February 28, 2018		$ 4,400
Add: Deposit in Transit		$ 3,800
		$ 8,200
Less: Outstanding Checks
Check No.
# 25	($ 600)
# 27	($ 620)	($ 1,220)
Adjusted Bank Balance February 28, 2018		$ 6,980
Book:
Balance February 28, 2018		$ 5,870
Add:
Interet Revenue	$ 25
Bank Collection of Note Receivable	$ 2,100	$ 2,125
Less:
EFT	($ 350)
NSF Check	($ 650)
Service Charges	($ 15 )	($ 1,015)
Adjusted Book Balance		$ 6,980