Question

Jamison Company developed the following reconciling information in preparing its June bank reconciliation:

Cash balance per bank, 6/30	$12,137
Note receivable collected by bank	5,850
Outstanding checks	7,897
Deposits-in-transit	4,338
Bank service charge	73
NSF check	2,627

Using the above information, determine the cash balance per books (before adjustments) for Jamison Company.

$5,428

$8,578

$11,728

$15,287

Answer 1

BANK RECONCILIATION STATEMENT

PARTICULARS +(FAVOURABLE) -(UNFAVOURABLE)

Balance as per Bank Book $ 12137

Note Receivable Collected By Bank $5850

Outstanding Cheques $7897

Deposit in transit $4338

Bank Service Charges $73

NSf Check (non sufficient funds) $2627

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$19175 $13747

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Balance As Per Cash book $5428

Balance in question given of bank so we are going through bank to cash book so follow rule accordingly.