Bev is completing the monthly bank reconciliation for her checking account for the month of October.   The following facts apply: The balance per the bank on Oct 31st = $3,000 The balance per her checkbook on Oct 31st = $6,000 Deposits in Transit = $2,000 Outstanding Checks = $500 EFT’s ‘into’ her account = $4,000 EFT’s ‘out of’ her account = $5,500 No interest was earned on the account, and there were no bank fees during the month.

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Q: When comparing her own Cash at Bank account with her banks record (ANZ Bank), at the end of March…

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Q: Carol Stokke receives her April 6 bank statement showing a balance of $1,154.75; her checkbook…

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Q: Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31…

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Q: Natalie decides that she cannot afford to hire John to do her accounting. One way that she can…

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Q: On December 3, you received your bank statement showing a balance of $5,055.06. Your checkbook shows…

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Q: At the end of the month of July you close the books of your company and received the bank statement.…

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Q: three checks outstanding on October 31: no. 1417 for $110.00, no. 1420 for $144.35, and no. 1422 for…

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Q: 1) While looking through the invoices, you found Invoices 23-57, 60-95, and 99-110. It appears that…

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Q: In the month of November, Metlock Storage Company Inc. wrote checks in the amount of $44400. In…

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Q: On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a…

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.