Wanting help because my reconcilitaion isn't matching:
Kortwright indiacates a balance of 9000.2 on October 30 and after the journals had been posted the cash had a balance of 4677.1, please reconcile by the following:
1. cash sale of 342 had been wrong ly recorded as 324
2 depoits in transits not received yet of 700.00
3 bank debit memo for service charge of 30.
4. bank credit memo for note collected 2050, including 50 interest
5 bank debit memo for 207.40NSF check for custoemr
6 outstanding checks 3192.50

I have cr 9000.2 for beginning balace and then 700.00 for deposit in route and then I have 3192. Outstand checks and 18. In erro on debits leaves 6490.20
Then cash 4667.10
30 debit and 2050.00 debit now I am confused with what I have help??

Quote:

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Originally Posted by socialight

wanting help becasue my reconcilitaion isn't matching:
kortwright indiacates a balance of 9000.2 on october 30 and after the journals had been posted the cash had a balance of 4677.1, please reconcile by the following:
1. cash sale of 342 had been wrong ly recorded as 324
2 depoits in transits not received yet of 700.00
3 bank debit memo for service charge of 30.
4. bank credit memo for note collected 2050, including 50 interest
5 bank debit memo for 207.40NSF check for custoemr
6 outstanding checks 3192.50

i have cr 9000.2 for beginning balace and then 700.00 for deposit in route and then i have 3192. outstand checks and 18. in erro on debits leaves 6490.20
then cash 4667.10
30 debit and 2050.00 debit now i am confused with what i have help???????

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Ok This what you need to do
Bank balance... $9,000.2... Book balance... $4,677.1
Add... Add
Deposit on transit... 700... Sale wrongly record.. 18
... Note collected... 2,000
... Interest revenue... 50
... $9,700.2... $6,745.1
Deduct... Deduct
Outstanding checks... 3,192.5... Service charges... 30
... NSF Check... 207.4
Balance after adjustments... $6,507.7... Balance aft. Adjust... $6,507.7

Hope that after seeing the answer everything will be clear to you