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The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc for August 20Y9 Cash balance according to the company s records at August

The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: a. Cash balance according to the company s records at August 31, $14,190. b. Cash balance according to the bank statement at August 31, $18,330. c. Checks outstanding, $5,710. d. Deposit in transit, not recorded by bank, $2,150. e. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810. f. Bank debit memo for service charges, $50. Prepare a bank reconciliation, using the format shown in Exhibit 8.

Apr 11 2020 View more View Less

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