Question

Tools Help Problem 7-3A On May 31, 2017, Reber Company had a cash balance per books of $6,911.50. The bank statement from New York State Bank on that date showed a balance of $6,534.60. A comparison of the statement with the cash account revealed the following facts. 1. The 2. Cash sales of $733.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit sip were incorrectly made for $783.00. The hank included a debit memo of $46.00 for the printing of additional company checks. credited Reber for the 4. On May 18, the company ng checks at May 31 totaled $715.25. Deposits in transit were $2,546.15 posted by Reber C issued check No. 1181 for $662 to Lynda Carsen on account. The check, which cleared the bank in May, was 5. A$3,130.00 note receivable for $626. has been was collected by the bank for Reber Company on May 31 plus $86.00 interest. The bank charged a collection fee of $26.00. No interest dleared the bank in May, was incorrectly journaized and on the note. cancelled checks was a check issued by Stiner Company to Ted Cress for $930.00 that was incorrectly charged to Reber Company by the bank with the 7. On May 31, the bank statement showed an NSF charge of $674.00 for a check issued by Sue Alison, a custormer, to Reber Company on account. Prepare the bank reconiliation at May 3 balance per bank first.) 31, 2017. (Round answers to 2 decimal Bank



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