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
|
