Chapter 6, Problem 5QS

To determine

Bank reconciliation:

A procedure through which difference between bank balance provided in the bank statement and bank balance appearing in the books of account, is being ascertained at a particular point of time of a company is known as bank reconciliation
Time is the most important for taken into account while doing bank reconciliation of any company.
While doing bank reconciliation required adjustment should be made to match the balances.

To prepare: The given amount: (1) affects the bank or book side of bank reconciliation (2) represents an addition or subtraction in bank reconciliation and (3) requires an adjusting journal entry.