2. The following information is available for Ditz Company 1. The May 2018 bank statement...
80.2K
Verified Solution
Link Copied!
Question
Accounting
2. The following information is available for Ditz Company 1. The May 2018 bank statement showed the following Balance, May Canceled checks $21,000.00 13,904.20 16,471.65 28.75 23,596.20 Deposits Interest earned by Ditz Balance, May 3 2. Ditz Company's cash accounts showed the following for May: Balance, May Debits Credits Balance, May 31 $20,971.25 22,700.40 22,886.34 20,785.31 3. The bank service charge for May was $18. 4. Outstanding checks totaled $9,100.14 5. Deposits in transit totaled $8,000.00. The bank statement reveals that Ditz Company's account has been reduced by $100. The company had deposited a $100 check from one of its customers, which was subsequently returned to Binford's bank and marked "Not Sufficient Funds." 6. The bank collected an $1,800 note for Ditz Company. The company was not aware of the collection until receiving the bank statement. 7. Prepare a bank reconciliation for May 31, 2018
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
