The Following Information Is Needed to Reconcile the Cash Balance $\$ 5,800$

question 78

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:

Cue-dependent Forgetting

The inability to recall information in the absence of specific cues or contexts that were present at the time the memory was formed.

Original Memory

The initial encoding of information into the memory system, before any subsequent alterations or modifications.

Misleading Information

Incorrect or deceptive information that leads to false conclusions or understanding.

Cue-dependent

Relating to the phenomenon where recall of information is enhanced if retrieval occurs in a context similar to the one where the information was encoded.