7. Bank Reconciliation as of
Summary: This is an example of the reconciliation of the company's bank account as pertains to the sample in the text. It
states:
- Date: January 31, 20--
- Closing balance shown on bank statement: 1,458.12
-
- Add deposits not credited:
- 1/28: 701.33
- 1/31: 516.08
-
- TOTAL DEPOSITS NOT CREDITED: 1,217.41
- Subtotal: 2,675.53
- Subtract outstanding checks:
- Number 90: 66.70
- 91: 9.80
- 94: 150.00
- 95: 300.00
-
- TOTAL OUTSTANDING CHECKS: 526.50
- Adjusted balance per bank statement: 2,149.03
- Balance shown in checkbook: 2,153.03
-
- Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference):
6.00
- Subtotal: 2,159.03
- Subtract: Bank service charge: 10.00
- Adjusted checkbook balance: 2,149.03
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