Week 1: E-text Individual Assignments ACC/400 Week 1: E-text Individual Assignments Financial Accounting: Tools for Business Decision Making, 4th edition Chapter 7: Problem Set B: P7-3B a) Prepare the bank reconciliation as of May 31, 2007. GALENTI COMPANY Bank Reconciliation May 31, 2007 Cash balance per bank statement $7,964.60 Add: Deposits in transit $836.15 Bank error - Gallen Company check 290.00 1,126.15 9,090.75 Less: Outstanding checks 806.25 Adjusted cash balance per bank $8,284.50 Cash balance per books $5,681.50 Add: Collection of note receivable 3,050.00 ($3,000 + $80 interest – $30 collection fee) 8,731.50 ...

 

Week 1: E-text Individual Assignments

ACC/400

 

 

Week 1: E-text Individual Assignments

Financial Accounting: Tools for Business Decision Making, 4^th edition

Chapter 7: Problem Set B: P7-3B

1. Prepare the bank reconciliation as of May 31, 2007.

GALENTI COMPANY

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