Answer Happy

The following information is available for the Tierney Company for the month of November. • On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,302. • The company's bank statement shows a balance on November 30 of $29,404. • Outstanding checks at November 30 include check # 3030 in the amount of $1,550 and check # 3556 in the amount of $1,469. • Included with the bank statement was a credit memo in the amount of $780 for an EFT in payment of a customer's account. . The bank deducted $72 for an NSF check from a customer deposited on November 22. • A deposit placed in the bank's night depository on November 30 totaled $1,690 and did not appear on the bank statement. . Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,470 but was recorded in the accounting records as $2,565. • Included with the bank statement was a debit memorandum in the amount of $30 for bank service charges. Required: Prepare a bank reconciliation for Tierney Company as of November 30. Updates to Bank Statement Ending Cash Balance per Bank Statement Additions: Deductions: Up-to-date ending cash balance Tierney Company Bank Reconciliation At November 30 < Prev Updates to Company's Books Ending Cash Balance per Books Additions: Deductions: Up-to-date ending cash balance 20 of 40 www Next >