Asked by George Khoury on Jun 05, 2024

Verified

You are in the process of preparing a bank reconciliation for Carpenter Company as of May 31.Listed below is information necessary to prepare the reconciliation.
Required:
In the spaces provided, place the appropriate letter to indicate whether each item of information should be
a. deducted from the balance per bank statement
b. added to the balance per bank statement
c. deducted from the balance per company records
d. added to the balance per company records
e. omitted from the reconciliation
_____ \quad 1. \quad Deposit in transit of $\$1,500$ as of May 31 .
_____ \quad 2. \quad April service charge of $\$30$ recorded by the company in May.
_____ \quad 3. \quad Checks totaling $\$1,100$ written in April that have not cleared the bark by May 31 .
_____ \quad 4. \quad Check of Tomi, Inc. for $\$780$ deposited in May by Capenter Company and returned by the bank with the NSF
\quad\quad\quad\quad notation in May bank statement.
_____ \quad 5. \quad Canceled check No. 205 written by Capenter Company for $\$200$ to Mays, Inc., had be en recorded on the
\quad\quad\quad\quad company's books as $\$2,000$ .
_____ \quad 6. \quad Note receivable face value plus interest collected by the bank and deposited into Cappenter's account and not previously
\quad\quad\quad\quad recorded by Capenter Compary.
_____ \quad 7. \quad Bank service charge of $\$35$ for May.
_____ \quad 8. \quad Check of Carpets, Inc. charged in error against Carpenter's account by the bank during May and not corrected as of May 31