The following June 30 bank reconciliation was prepared for Poway Co. Cash balance according to...
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The following June 30 bank reconciliation was prepared for Poway Co. Cash balance according to bank statement $ 16,185 Add deposit of June 30, not recorded by bank 6,600 00 $ 6,600 Deduct outstanding checks - No. 1067 Deduct outstanding checks - No. 1106 2 Deduct outstanding checks - No. 1110 $ 575 470 Deduct outstanding checks = No. 1113 Adjusted balance Cash balance according to company's records Add note and interest collected by bank Add error in recording June 17 deposit as $1,750 instead of $7,150 Deduct check returned because of insufficient funds Deduct service charges Adjusted balance 1,050 19,780 8,985 $6,300 6,300 11,700 5,400 19,780
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