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26 March, 10:22

Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2022. a. The bank statement balance is $3,506. b. The cash account balance is $3,930. c. Outstanding checks totaled $1,285. d. Deposits in transit are $1,670. e. The bank service charge is $30. f. A check for $98 for supplies was recorded as $89 in the ledger.

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  1. 26 March, 10:32
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    The preparation of the bank reconciliation for Hintz Company for July 31, 2022 is shown below:

    Bank statement balance $3,506

    Add: Deposits in transit $1,670

    Less: Outstanding checks ($1,285)

    Adjusted bank balance $3,891

    Cash account balance $3,930

    Less - supplies error ($9) ($98 - $89)

    Less - bank service charge ($30)

    Adjusted cash balance $3,891
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