The cash records and bank statement for the month of may, Ask an Expert

Accounting

The cash records and bank statement for the month of May for Diaz Entertainment are shown below.

Prepare the bank reconciliation and record cash adjustments (LO5)

Additional information:

a.The difference in the beginning balances in the company''s records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2012.

b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9512800

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