7. Bank Reconciliation as of

Summary: This is an example of the reconciliation of the company's bank account as pertains to the sample in the text. It states:

  • Date: January 31, 20--
  • Closing balance shown on bank statement: 1,458.12
  • Add deposits not credited:
  • 1/28: 701.33
  • 1/31: 516.08
  • TOTAL DEPOSITS NOT CREDITED: 1,217.41
  • Subtotal: 2,675.53
  • Subtract outstanding checks:
  • Number 90: 66.70
  • 91: 9.80
  • 94: 150.00
  • 95: 300.00
  • TOTAL OUTSTANDING CHECKS: 526.50
  • Adjusted balance per bank statement: 2,149.03
  • Balance shown in checkbook: 2,153.03
  • Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference): 6.00
  • Subtotal: 2,159.03
  • Subtract: Bank service charge: 10.00
  • Adjusted checkbook balance: 2,149.03

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