The July bank statement for A & H Iron Works shows a balance of $37.94 and a service charge of $8.00. The account register shows deposits of $650 and $375.56 that do not appear on the statement. Checks in the amounts of $217.45, $57.82, $17.45, and $58.62 are outstanding. The register before reconciliation is $720.16. Reconcile the bank statement with the account register using the form in figure 4-48.
$ |
BALANCE AS SHOWN ON BANK STATEMENT |
BALANCE AS SHOWN IN YOUR REGISTER |
$ |
|||||
$ |
TOTAL OF OUTSTANDING DEPOSITS |
SUBTRACT AMOUNT OF SERVICE CHARGE |
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$ |
NEW TOTAL |
NEW TOTAL |
$ |
|||||
-$ |
SUBTRACT TOTAL OF OUTSTANDING CHECKS |
ADJUSTMENTS IF ANY |
$ |
|||||
$ |
YOUR ADJUSTED STATEMENT BALANCE |
SHOULD <———-> EQUAL |
YOUR ADJUSTED REGISTER BALANCE |
$ |
||||
Outstanding Deposits (Credits)$ |
Outstanding Checks (Debits)$ |
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Date |
Amount |
Check Number |
Date |
Amount |
||||
$ |
$ |
|||||||
– |
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Total |
$ |
$ |
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FIGURE 4-48 |
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Account Reconciliation Form |
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