The Following Information Is Needed to Reconcile the Cash Balance $$\begin{array} { l | l } \text { BANK } & \text { BOOK } \\\hline & \\& \\&\end{array}$$

question 63

Essay

The following information is needed to reconcile the cash balance for Woods Paper Products.
• A deposit of $5,794.62 is in transit.
• Outstanding checks total $1,533.25.
• The book balance is $5,695.62.
• The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent.
• The bank balance at February 28,2008 was $16,500.25.
• A deposit of $300 was credited by the bank for $3,000.
• A customer's check for $1,280 was returned for nonsufficient funds.
• The bank service charge is $70.
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Based on this information,complete a bank reconciliation,in the format below,for Woods Paper Products as of February 28,2013. $$\begin{array} { l | l } \text { BANK } & \text { BOOK } \\\hline & \\& \\&\end{array}$$