The Following Information Is Available for Ashley Company for the Month

question 182

Essay

The following information is available for Ashley Company for the month ending June 30, 2019.
• Balance as per the bank statement is $11,240.
• Balance as per books is $10,200.
• Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement.
• A deposit in transit of $3,110 had not been received by the bank when the bank statement
$$\text { was generated. }$$ • A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to
$$\text { Ashley Company on June } 13$$ • A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue
$$\text { of } \$ 55 \text { on June } 20$$ • The bank statement indicated service charges of $20.
Prepare bank reconciliation for Ashley Company for June 30, 2019.

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Definitions:

Trade

The transaction involving goods, services, or both between two or more parties, either domestically or internationally.

Willing

Reflects an individual's readiness or inclination to perform a certain action or make a choice under given conditions.

Comparative Advantage

The ability of an entity to produce a particular good or service at a lower opportunity cost than another, leading to more efficient international trade and resource allocation.

Basketballs

Spherical balls used in the sport of basketball, designed for bouncing on hard surfaces and shooting into hoops.