Based on the following data, prepare a bank reconciliation for December of the current year....
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Accounting
Based on the following data, prepare a bank reconciliation for December of the current year.
Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31,$283,000. b. Balance according to the ledger at December 31,$245,410. c. Checks outstanding at December 31,$68,540. d. Deposit in transit, not recorded by bank, $29,500. e. Bank debit memo for service charges, $750. f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000
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