Bank Reconciliation Lidia has the following information from her books and her August bank statement. She is hoping that you can reconcile her bank account for her. Then prepare a tabular analysis for any adjustments required to reach the adjusted cash balance per books. Be sure to include dates and explanations for any revenues or expenses. Use the provided templates to complete your work. Book Balance $28,600 Bank Balance $32,545 Deposits in transit $3,400 Outstanding checks $5,000, $1,800 and $975 Bank charges $35 Interest earned $55 Health insurance auto-draft $450
Bank Reconciliation
Lidia has the following information from her books and her August bank statement. She
is hoping that you can reconcile her bank account for her. Then prepare a tabular
analysis for any adjustments required to reach the adjusted cash balance per books.
Be sure to include dates and explanations for any revenues or expenses. Use the
provided templates to complete your work.
Book Balance $28,600
Bank Balance $32,545
Deposits in transit $3,400
Outstanding checks $5,000, $1,800 and $975
Bank charges $35
Interest earned $55
Health insurance auto-draft $450
The bank reconciliation statement is prepared to equate the balances of cash book and passbook with various adjustments such as deposit in transit, outstanding checks, bank charges, EFT, NSF check, etc.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
