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Valentin [98]
3 years ago
7

Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2022. a. The bank statement balanc

e is $3,506. b. The cash account balance is $3,930. c. Outstanding checks totaled $1,285. d. Deposits in transit are $1,670. e. The bank service charge is $30. f. A check for $98 for supplies was recorded as $89 in the ledger.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
5 0

Answer:

Explanation:

The preparation of the bank reconciliation for Hintz Company for July 31, 2022 is shown below:

Bank statement balance $3,506

Add: Deposits in transit $1,670

Less: Outstanding checks ($1,285)

Adjusted bank balance $3,891

Cash account balance $3,930

Less - supplies error    ($9)                               ($98 - $89)

Less - bank service charge ($30)

Adjusted cash balance $3,891

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