C. 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 ● Bank Balance ● ● Deposits in transit Outstanding checks ● Bank charges Interest earned ● Health insurance auto-draft $28,600 $32,545 $3,400 $5,000, $1,800 and $975 $35 $55 $450

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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C. 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
Bank Balance
Deposits in transit
Outstanding checks
Bank charges
● Interest earned
● Health insurance auto-draft
$28,600
$32,545
$3,400
$5,000, $1,800 and $975
$35
$55
$450
Transcribed Image Text:C. 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 Bank Balance Deposits in transit Outstanding checks Bank charges ● Interest earned ● Health insurance auto-draft $28,600 $32,545 $3,400 $5,000, $1,800 and $975 $35 $55 $450
Bank
Book
Date Cash
ASSETS
+ Accts Rec Supp
LIABILITIES
Accts Pay +
Interest Pay
Capital
OWNER'S EQUITY
Retained
Explain
Rev -Exp Rev or Exp
Transcribed Image Text:Bank Book Date Cash ASSETS + Accts Rec Supp LIABILITIES Accts Pay + Interest Pay Capital OWNER'S EQUITY Retained Explain Rev -Exp Rev or Exp
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