Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries..


Question Description:

25

Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries.. 1 answer below » Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries called for by the reconciliation. The May 31 bank statement of Multi-Plex Health care has just arrived from first state bank.To prepare the bank reconciliation gather the following data: 1.The May31 bank balance is $12,209, 2.The bank statement includes two charges for NSF checks from customers.One is $67 and the other for $195, 3.The following Multi-Plex checks are outstanding at May 31: Check No Amount 616 $405 802 74 806 36 809 161 810 229 811 48 4.Multi-Plex collects from a few View complete question » Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries called for by the reconciliation. The May 31 bank statement of Multi-Plex Health care has just arrived from first state bank.To prepare the bank reconciliation gather the following data: 1.The May31 bank balance is $12,209, 2.The bank statement includes two charges for NSF checks from customers.One is $67 and the other for $195, 3.The following Multi-Plex checks are outstanding at May 31: Check No Amount 616 $405 802 74 806 36 809 161 810 229 811 48 4.Multi-Plex collects from a few customerrs by EFT.The may bank statement lists a $200 deposit for a collection on account,5.The bank statement includes two special deposits that Multi-Plex hasn’t recorded yet:$900,for dividend revenue, and $16, the interest revenue Multi-Plex earned on its bank balance during May,6.The bank statement lists a $7 subtraction for the bank statement,7.On may 31 the Multi-Plex treasurer deposited $381, but this does not appear on the bank statement,8.The bank statement includes a $410 deduction for a check drawn by Multi-State Frieght Company.Multi-Plex notified the bank of this error,9.Mult-Plex’s cash account shows a balance of $11,200 on May31 View less » Sep 07 2015 02:22 PM

Answer

25