Hello! Could anyone help me understand this question?
For purposes of preparing its December bank reconciliation, the following information is available:
The bank statement shows a cash balance of $98,000 as of Dec 31.
Interest earned on the bank balance in December totals $250.
The cash deposit for the sale of land that occurred on Dec 27 has not yet cleared the bank. Received $27,000 in cash from the sale of a parcel of its land. The parcel had an original cost of $22,000.
Bank service charges for December amount to $70.
Checks written on December 31 have not yet cleared the bank (check numbers 509 through 521) - (509-520): Salaries Expense and Cash are both 15,000. (521) Cash is $4,000 and Notes Payable is $3840
0 answers