Share
Explore BrainMass

# Important information about Bank Reconciliation Statement

Consider the following information for Susan Supplies Store for the month of June.

* Deposits in transits as of June 30, were \$3,785.15.

* Interest revenues earned was \$1,300.

* Bank service charges amounted to \$48.

* An error was discovered: The bank deducted from the Susan Supplies Store account a check for \$161.03 that was written by Susie's Office Furniture.

* The following checks were still outstanding as of the bank statement date:

o 16552 \$10,460.60
o 16549 \$200.58
o 16560 \$532.27

* The Office Accountant recorded a deposit of \$332 as \$223.

* The bank returned a check from a customer as NSF in the amount of \$1,059.17.

* Balance per the bank on June 30 was \$45,020.59.
Given the above information, determine the ending cash balance that appears on the Susan Supplies Store books.

#### Solution Summary

The solution explains how to make a bank reconciliation and determine the ending cash balance

\$2.19