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