Help would be appreciated 2. On December 31st, Bub's gym received a bank statement for December. b. Prepare a bank reconciliation. Use the following information from the bank statement and business records.Bank balance $1685.00Bank service charge $25.00Outstanding Deposit, Dec 30 $450.00Outstanding checks, No. 23 and 24Check book balance on check stub No. 25 $1905.00 Total bank chargesAdjusted Check Stub BalanceSUBTOTALDEDUCT OUTSTANDING CHECKS:Ck.No.AmountCk.No.AmountTotal outstanding checksAdjusted Bank Balance RECONCILIATION OF BANK STATEMENTBalance on Check Stub No.DEDUCT BANK CHARGES:DescriptionAmountTotal bank chargesDATEBalance on Bank Statement:ADD OUTSTANDING DEPOSITS:DateAmountTotal outstanding depositsSUBTOTALDEDUCT OUTSTANDING CHECKS:Ck.No.AmountCk.No.AmountTotal outstanding checks

Bank reconciliation Statement (BRS) refers to the record of the bank account transactions and this…

Answered: On December 31st, Bub's gym received a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Help would be appreciated 2. On December 31st, Bub's gym received a bank statement for December. b. Prepare a bank reconciliation. Use the following information from the bank statement and business records. Bank balance $1685.00 Bank service charge $25.00 Outstanding Deposit, Dec 30 $450.00 Outstanding checks, No. 23 and 24 Check book balance on check stub No. 25 $1905.00

Total bank charges
Adjusted Check Stub Balance
SUBTOTAL
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
Amount
Ck.
No.
Amount
Total outstanding checks
Adjusted Bank Balance

RECONCILIATION OF BANK STATEMENT
Balance on Check Stub No.
DEDUCT BANK CHARGES:
Description
Amount
Total bank charges
DATE
Balance on Bank Statement:
ADD OUTSTANDING DEPOSITS:
Date
Amount
Total outstanding deposits
SUBTOTAL
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
Amount
Ck.
No.
Amount
Total outstanding checks

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