Bank Reconciliation: Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side. Requirement-1: To Prepare: The Bank reconciliation Statement.

Question

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Answer 1

Question

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

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Students have asked these similar questions

Required Information [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,540 9,900 13,600 Debit Balance Balance BANK STATEMENT Deposits $ 27,000 34,000 18,000 Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other NSF* Interest earned Service charge Credit Checks written during December: 7,540 9,900 470 - $ 220 30 13,600 5,400 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the…

20. Required information Skip to question [The following information applies to the questions displayed below.] Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1 $ 7,360 Deposits during June $ 18,800 26,160 Checks cleared during June $ 19,900 6,260 Bank service charges $ 31 6,229 Balance, June 30 6,229 Cash (A) Debit Credit June 1 Balance 7,360 June Deposits 20,600 20,200 Checks written June June 30 Balance 7,760 In addition to the balance in its bank account, Hills Company also has $420 of petty cash on hand. This amount is recorded in a separate account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 30?

Balance of cash in bank account 1,300,000Balance of bank statement 1,200,000Outstanding checks, August 31:Number 555 10,000761 55,000762 40,000763 25,000764 65,000765 70,000Receipts of August 31, deposited September 1 275,000The bank statement showed the following charges:a. Service charge for August 5,000b. NSF check received from a customer 85,000The cashier-bookkeeper had misappropriated 30,000 and an additional 10,000 by charging sales discounts and crediting accounts receivable.The stub for check number 765 and the invoice relating thereto show that it was for 50,000. The check was recorded incorrectly in the cash disbursements journal as 70,000. The check was drawn in payment of an account payable.Payment has been stopped on check number 555 which was drawn in payment of an account payable. The payee cannot be located.Required:a. Prepare a bank reconciliation on August 31 using the adjusted balance method.b. Prepare adjusting entries in the Susan Company book on August 31

Answer 2

Question

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

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Answer 3

Question

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

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Answer 4

Question

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

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Answer 5

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

Answer 6

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Answer 7

Chapter 4, Problem 60APSA

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-1:

To Prepare:

The Bank reconciliation Statement.

Answer 8

Expert Solution

Answer to Problem 60APSA

The Bank reconciliation Statement is as follows:

Cornerstones of Financial Accounting, Chapter 4, Problem 60APSA

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Answer 13

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

Answer 14

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-2:

To Prepare:

The necessary adjusting entries.

Answer 15

Expert Solution

Answer to Problem 60APSA

The necessary adjusting entries are as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit
July. 31	Accounts Receivable	$ 190
	Cash		$190

July. 31	Bank Charges	$ 40
	Cash		$ 40

Answer 16

Expert Solution

Answer 17

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

The necessary adjusting entries are explained as follows:

Dixon Products
Bank Reconciliation
Journal Entries

Date	Accounts titles and Explanation	Debit	Credit

July. 31	Accounts Receivable	$ 190
	Cash		$190
	(Being adjustment made for NSF check)

July. 31	Bank Charges	$ 40
	Cash		$ 40
	(Being adjustment made for Bank Charges)

Answer 20

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550

Hence, the amount of cash to be reported on October 31 balance sheet shall be $7,550.

Answer 21

To determine

Concept Introduction:

Bank Reconciliation:

Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in bank statement issued by the bank. The entity prepares bank reconciliation statement and it has two sides; Bank Side and Cash side.

Requirement-3:

To Indicate:

The amount of cash to be reported on balance sheet.

Answer 22

Expert Solution

Answer to Problem 60APSA

The amount of cash to be reported on balance sheet shall be $7,550

Answer 23

Expert Solution

Answer 24

Expert Solution

Answer 25

Expert Solution

Answer 26

Explanation of Solution

The Bank reconciliation Statement is explained as follows:

Dixon Products
Bank Reconciliation
As of July 31

Bank Side		Book Side
Balance as per Bank statement	$ 8,540	Balance as per Cash Book (11800+37600-41620)		$ 7,780
Add:		Add:
Deposit in transit	$ 1,150

Less:		Less:
Outstanding Checks	$ 2,140	NSF Check	$ 190
		Bank Service Charges	$ 40	$230

Reconciled Balance	$ 7,550	Reconciled Balance		$ 7,550