1. Use the following information to prepare a bank reconciliation for Forrester Company at April...
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Accounting
1. Use the following information to prepare a bank reconciliation for Forrester Company at April 30, 2013:
(1) Cash account balance, April 30, $9,786.40.
(2) Bank statement balance, April 30, $10,758.20.
(3) Service charge on bank statement not recorded in books, $70.00.
(4) Deposits in transit, $1,438.60.
(5) Outstanding checks, April 30, $946.80.
(6) The bank statement included a charge of $466.40 for N. Ryans NSF check. The check, returned with the bank statement, had been received by Forrester in payment on account.
(7) The bank collected a $2,000.00 note in April for Forrester. This amount was included in the bank statement, but Forrester had not yet recorded the collection. The banks $70.00 service charge for April [see (3) above] included collection charge for the note.
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