BANK STATEMENT GILBERT BANK OF ROCHESTER NAME: November Sales Seminar C/O Amanda Quevedo 14 Shady Lane Rochester, NY 14623 ACCOUNT NO. TRANSIT NO. 3570-810-73-1000 00011-112000 BRANCH: Rochester Main BEGINNING BALANCE $8,380.25 October 25, 20XX CODE DESCRIPTION DEBIT CREDIT DAY/MO BALANCE 10/25 8,380.25 DD Direct deposit 300.00 10/26 8,680.25 DD Direct deposit 1,500.00 10/26 10,180.25 DD Direct deposit 3,000.00 10/29 13,180.25 CK Check #2009 1,224.00 10/31 11,956.25 CK Check #2010 510.00 11/03 11,446.25 CK Check #2015 450.00 11/05 10,996.25 DD Direct deposit 2,250.00 11/09 13,246.25 CK Check #2016 1,700.00 11/15 11,546.25 CK Check #2017 2,000.00 11/18 9,546.25 SC Service charge 20.00 11/23 9,526.25 CK Check #2018 2,723.85 11/23 6,802.40 No. of Checks: 6 No. of Credits: 4 Total Debits: $8,627.85 Total Credits: $7,050.00 FIGURE 4 • Bank statement. November 25, 200X Ending Balance: $6,802.40 377
BANK STATEMENT GILBERT BANK OF ROCHESTER NAME: November Sales Seminar C/O Amanda Quevedo 14 Shady Lane Rochester, NY 14623 ACCOUNT NO. TRANSIT NO. 3570-810-73-1000 00011-112000 BRANCH: Rochester Main BEGINNING BALANCE $8,380.25 October 25, 20XX CODE DESCRIPTION DEBIT CREDIT DAY/MO BALANCE 10/25 8,380.25 DD Direct deposit 300.00 10/26 8,680.25 DD Direct deposit 1,500.00 10/26 10,180.25 DD Direct deposit 3,000.00 10/29 13,180.25 CK Check #2009 1,224.00 10/31 11,956.25 CK Check #2010 510.00 11/03 11,446.25 CK Check #2015 450.00 11/05 10,996.25 DD Direct deposit 2,250.00 11/09 13,246.25 CK Check #2016 1,700.00 11/15 11,546.25 CK Check #2017 2,000.00 11/18 9,546.25 SC Service charge 20.00 11/23 9,526.25 CK Check #2018 2,723.85 11/23 6,802.40 No. of Checks: 6 No. of Credits: 4 Total Debits: $8,627.85 Total Credits: $7,050.00 FIGURE 4 • Bank statement. November 25, 200X Ending Balance: $6,802.40 377
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Completing a Bank Reconciliation.
Supplies Needed: Copy of Figure 4;
Directions
On November 26 you received the bank statement for the November Sales Seminar account for Supreme Appliances, shown in Figure 4. On November 23 you received a check from Al’s Print Shop for $170.00 as a 10 percent discount for paying promptly. You mailed this check to the bank, but it is not shown on the bank statement. You have checked off all the canceled checks and the following checks are outstanding and have not been paid by the bank:
No. 2111 $386.50
No. 2115 $52.40
No. 2120 $110.80
No. 2121 $12.15
A service charge of $20.00 has been charged to your account. Ending balance in the checkbook was $6,430.55. Reconcile the bank statement shown in Figure 4 using C9-AP-A. Key the bank reconciliation.
Transcribed Image Text:BANK STATEMENT
GILBERT BANK OF ROCHESTER
NAME: November Sales Seminar
C/O Amanda Quevedo
14 Shady Lane
Rochester, NY 14623
ACCOUNT NO.
TRANSIT NO.
3570-810-73-1000
00011-112000
BRANCH:
Rochester Main
BEGINNING
BALANCE
$8,380.25
October 25, 20XX
CODE
DESCRIPTION
DEBIT
CREDIT
DAY/MO
BALANCE
10/25
8,380.25
DD
Direct deposit
300.00
10/26
8,680.25
DD
Direct deposit
1,500.00
10/26
10,180.25
DD
Direct deposit
3,000.00
10/29
13,180.25
CK
Check #2009
1,224.00
10/31
11,956.25
CK
Check #2010
510.00
11/03
11,446.25
CK
Check #2015
450.00
11/05
10,996.25
DD
Direct deposit
2,250.00
11/09
13,246.25
CK
Check #2016
1,700.00
11/15
11,546.25
CK
Check #2017
2,000.00
11/18
9,546.25
SC
Service charge
20.00
11/23
9,526.25
CK
Check #2018
2,723.85
11/23
6,802.40
No. of
Checks: 6
No. of
Credits: 4
Total
Debits:
$8,627.85
Total
Credits:
$7,050.00
FIGURE 4 •
Bank statement.
November
25, 200X
Ending
Balance:
$6,802.40
377
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