Question

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:

Answer 1

Answer:

Part a

Creative Design Co.

Bank reconciliation as at August 31

Balance as per Bank Statement        $17,460

Add Outstanding Checks                   $2,730

Less Unpresented Checks                ($3,400)

Balance as per Cash Book                 $16,790

Part b

$16,790

Part c

Yes

Explanation:

Creative Design Co.

Bank reconciliation as at August 31

Balance as per Bank Statement        $17,460

Add Outstanding Checks                   $2,730

Less Unpresented Checks                ($3,400)

Balance as per Cash Book                 $16,790