The Following Information Is Needed to Reconcile the Cash Balance

question 23

Essay

The following information is needed to reconcile the cash balance for Fire Steel Inc.
• A deposit of $5,800 is in transit.
• Outstanding checks total $1,500.
• The book balance is $6,800 at February 28, 2013.
• The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.
• The bank balance at February 28, 2013 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 Fire Steel Inc. as of February 28, 2013.

---

Definitions:

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and ultimately, loss of ability to perform daily activities.

Reticular Formation

The reticular formation is a complex network of nerve pathways in the brainstem that plays a key role in controlling arousal, attention, and sleep-wake transitions.

Outside Noise

External sounds or disturbances that interfere with the intended or desired reception of a message or the focus on a task.

Relay Station

A term often used in neuroscience to describe regions or structures in the nervous system that transfer information from one area to another.