POST INC. BANK RECONCILIATION Cash balance per bank $8,200 Cash balance per books (general ledger) $6,500 Outstanding checks $2,460 Check mailed to the bank for deposit had not reac

POST INC. BANK RECONCILIATION

Cash balance per bank $8,200

Cash balance per books (general ledger) $6,500

Outstanding checks $2,460

Check mailed to the bank for deposit had

not reached the bank by the statement

date. $500

NSF check returned by the bank for

accounts receivable $100

July interest earned on the bank statement $20

Check no. 700 for misc. expense cleared

the bank for $200; erroneously recorded

in our books for $20

Prepare a bank reconciliation.

Shown the accounting entries that must be made by

Matrix Inc. in journal entry and T-Account format.

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