Question

Problem 1 Required: Prepare a Bank Reconciliation for Peachtree Company. Start with Balance Per Bank and Balance Per Company Records (13 points) A) Balance per Company Records, $17,404 B) Balance per Bank, $16,422 C) Outstanding checks were $2,383. D) Bank collected a $1,500 note receivable plus interest of $30, $1,530 E) The bank statement shows that a check given to Peachtree for $425 by Jon Doe was returned by the bank as not sufficient funds (NSF). F) Deposits in transit were $4,450 G) Bank service charge was $20. Balance Per Bank Balance Per Company Records

          Problem 1 Required: Prepare a Bank Reconciliation for Peachtree Company. Start with Balance Per Bank
and Balance Per Company Records (13 points)
A) Balance per Company Records, $17,404
B) Balance per Bank, $16,422
C) Outstanding checks were $2,383.
D) Bank collected a $1,500 note receivable plus interest of $30, $1,530
E) The bank statement shows that a check given to Peachtree for $425 by Jon Doe was returned by
the bank as not sufficient funds (NSF).
F) Deposits in transit were $4,450
G) Bank service charge was $20.
Balance Per Bank
Balance Per Company Records

Problem 1 Required: Prepare a Bank Reconciliation for Peachtree Company. Start with Balance Per Bank
and Balance Per Company Records (13 points)
A) Balance per Company Records, 17,404
B) Balance per Bank,16,422
C) Outstanding checks were 2,383.
D) Bank collected a1,500 note receivable plus interest of 30,1,530
E) The bank statement shows that a check given to Peachtree for 425 by Jon Doe was returned by
the bank as not sufficient funds (NSF).
F) Deposits in transit were4,450
G) Bank service charge was 20.
Balance Per Bank
Balance Per Company Records

Added by Jasmine A.

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