Using the Following Information, Prepare a Bank Reconciliation for Murack

question 2

Essay

Using the following information, prepare a bank reconciliation for Murack Co.for May 31, 2016:
(a)The bank statement balance is $4,063.
(b)The cash account balance is $3,735.
(c)Outstanding checks amounted to $640.
(d)Deposits in transit are $245.
(e)The bank service charge is $40.
(f)A check for $74 for supplies was recorded on the depositor's books as $47.

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Definitions:

Finding

The act of discovering or identifying something through exploration or investigation.

Structured Observation

An observational measure in which an individual’s behavior is viewed and recorded in a controlled environment; a situation created by the experimenter.

Naturalistic Observation

A research method in which a researcher views and records an individual’s behavior in natural, real-world settings.

Clinical Interview

A method of assessment where a clinician interacts with a client to gather information about their psychological state, history, and functioning.