Business, 24.03.2020 23:55 yesharabaskoro

Roper Electronics received its bank statement for the month of August with an ending balance of $11,740. Roper determined that Check No. 613 for $155 and Check No. 601 for $420 were both outstanding. Also, a $6,900 deposit for August 30 was in transit as of the end of the month. Northern Regional Bank also collected a $5,000 notes receivable on August 1 that was issued March 1. Accrued interest is $250. Northern Regional Bank charged a $35 fee for the collection service. The bank statement reveals a bank service charge of $20. A customer check for $68 was returned with the bank statement marked "NSF." The ending balance of the Roper cash account is $12,938. Prepare a bank/account reconciliation and any necessary journal entries for the reconciliation. Roper Electronics Bank Reconciliation August 31 Cash balance according to bank statement $ Add deposit in transit Deduct outstanding checks Adjusted balance $ Cash balance according to Roper Electronics $ Add note receivable Adjusted balance $ Record the entry to increase cash first. For a compound transaction, If an amount box does not require an entry, leave it blank. Aug. 31 Aug. 31 Aug. 31 Aug. 31

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Roper Electronics received its bank statement for the month of August with an ending balance of $11,...

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