(Answered) Question - post inc bank reconciliationcash balance per

Accounting

QUESTION - POST INC BANK RECONCILIATION

Cash balance per bank - $8,200

Cash balance per books (general ledger) - $6,500

Outstanding checks - $2,460

Check mailed to the bank for deposit had not reached the bank by the statement date - $500

NSF check returned by the bank for accounts receivable - $100

July interest earned on the bank statement - $20

Check no. 700 for misc. expense cleared the bank for $200; erroneously recorded in the Matrix books for $20

Required -

Prepare a bank reconciliation.

Shown the accounting entries that must be made by Matrix in journal entry and T-Account format.

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