The Following Information Is Needed to Reconcile the Cash Balance

question 226

Essay

The following information is needed to reconcile the cash balance for Natural Landscaping Services.
• A deposit of $5,800 is in transit.
• Outstanding checks total $1,500.
• The book balance is $6,800 at February 28, 2019.
• The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.
• The bank balance at February 28, 2019 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 Natural Landscaping Services as of February 28, 2019.

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Definitions:

Graphical Elements

Visual components such as charts, diagrams, and images used to supplement or convey information.

Bullets

Short, pointed statements used in writing and presentations to highlight key information.

Grammatically Parallel

The use of similar grammatical structures in related words, phrases, or clauses to create a sense of rhythm and balance in writing.

Self-contained

Refers to something that is independent, has everything it needs within itself, and does not require external support.