7. Bank Reconciliation as of
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 |
|
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| 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 |
