In this exercise, you will create a bank reconciliation for Tasters Club Corp. for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $16,200; Notes Receivable equals $395; NSF Check equals $4,000; Bank Charges equals $550. During the month, the bank erroneously deposited a $505 check written to Pepper Products into the bank account of Tasters Club Corp. 1. Open a Blank Workbook and save the file in your Chapter 05 folder as: EA5-A2-BankRec-[YourName] 2. Enter the bank reconciliation headers in the range A1:A3; apply bold formatting. 3. Apply the Merge & Center command (from columns A–G) to each row in this range. 4. Using examples from the chapter, enter descriptions for the initial bank and book balances in appropriate locations. Type the Add: and Deduct: labels in the proper cells in rows 6 and 9. 5. Set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location. 7. Open EA5-A2-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. 8. Type Outstanding Checks in an appropriate location in the bank reconciliation.
In this exercise, you will create a bank reconciliation for Tasters Club Corp. for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $16,200; Notes Receivable equals $395; NSF Check equals $4,000; Bank Charges equals $550. During the month, the bank erroneously deposited a $505 check written to Pepper Products into the bank account of Tasters Club Corp. 1. Open a Blank Workbook and save the file in your Chapter 05 folder as: EA5-A2-BankRec-[YourName] 2. Enter the bank reconciliation headers in the range A1:A3; apply bold formatting. 3. Apply the Merge & Center command (from columns A–G) to each row in this range. 4. Using examples from the chapter, enter descriptions for the initial bank and book balances in appropriate locations. Type the Add: and Deduct: labels in the proper cells in rows 6 and 9. 5. Set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location. 7. Open EA5-A2-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. 8. Type Outstanding Checks in an appropriate location in the bank reconciliation.
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