The Following Information Is Needed to Reconcile the Cash Balance

question 133

Essay

The following information is needed to reconcile the cash balance for Jackson Lawn Services.
* A deposit of $5,800 is in transit.
* Outstanding checks total $1,500.
* The book balance is $6,800 at February 28, 2017.
* The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.
* The bank balance at February 28, 2017 was $18,000.
* A deposit of $400 was credited by the bank for $4,000.
* A customer's check for $3,700 was returned for nonsufficient funds.
* The bank service charge is $60.
Based on this information, prepare a bank reconciliation for Jackson Lawn Services as of February 28, 2017.

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