Natalie decides that she cannot afford to hire John to do her accounting. One way that she can ensure that her cash
account does not have any errors and is accurate and uptodate is to prepare a bank reconciliation at the end of each
month.
Natalie would like you to help her. She asks you to prepare a bank reconciliation for June using the following
information.
Additional information:
On May there were two outstanding checks: # for $ and # for $
Premier Bank made a posting error to the bank statement: check # was issued for $ not $
The deposit made on June was for $ that Natalie received for teaching a class. Natalie made an error in
recording this transaction.
The electronic funds transfer EFT was for Natalie's cell phone use. Remember that she uses this phone only
for business.
The NSF check was from Ron Black. Natalie received this check for teaching a class to Ron's children. Natalie
contacted Ron and he assured her that she will receive a check in the mail for the outstanding amount of the
invoice and the NSF bank charge.
If a balance sheet is prepared for Cookie Creations Inc. at June what balance will be reported as cash in
the current assets section?
Cash balance $
