Answer:
Bank account reconciliation:
Bank balance $380
+ deposits in transit $3,000
<u>- outstanding checks ($50)</u>
reconciled bank balance $3,330
Cash account reconciliation:
Cash balance $3,250
- NSF check ($100)
+ EFT deposit $200
<u>- bank fees ($20)</u>
reconciled cash account $3,330
Explanation:
<u>Bank statement </u>
Checks Deposits Other Balance
Balance, September 1 2,200
September 7 NSF check 100 2,100
September 11 3,300 5,400
September 12 #101 900 4,500
September 17 #102 1,900 2,600
September 26 #103 2,400 200
September 29 EFT deposit 200 400
September 30 Service charge 20 380
<u>Cash account</u>
Sep 1 Balance 2,200
Sep 10 3,300 900 Sep 10 #101
Sep 30 3,000 1,900 Sep 15 #102
2,400 Sep 22 #103
50 Sep 28 #104
Sep 30 Balance 3,250
