POST INC. BANK RECONCILIATION

POST INC. BANK RECONCILIATION

Cash balance per bank
$8,500

Cash balance per books (general ledger)
$7,320

Outstanding checks
$2,150

Check mailed to the bank for deposit had


not reached the bank by the statement


date.
$600

NSF check returned by the bank for 


accounts receivable
$200

July interest earned on the bank statement
$10

Check no. 700 for misc. expense cleared


the bank for $200; erroneously recorded


in the Matrix books for $20








Prepare a bank reconciliation.





Shown the accounting entries that must be made by Matrix in journal entry