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3 years ago

The following information pertains to Lance Company.

Business

1 answer:

nalin [4]3 years ago

5 0

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00

Less: Outstanding checks -$1,486.00

Adjusted bank balance $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance $10,746.00

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