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Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made

Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made but not yet recorded by the bank): $550.00 3/3 3/4 $525.50 Bank service charge: $12.00 Interest earned on your account: $4.00 You have recorded all deposits in your checkbook. RECONCILIATION FORM $ Balance from bank statement Add outstanding deposits Total outstanding deposits Subtotal Deduct outstanding checks Total outstanding checks Adjusted bank balance $Balance from checkbook $Add deposits not $ $ recorded $ Total deposits not |$| recorded $Subtotal $ $ Deduct bank fees I$I $Balance less fees $ Add interest earned $ Adjusted checkbook balance $ IS
Transcribed Image Text:Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made but not yet recorded by the bank): $550.00 3/3 3/4 $525.50 Bank service charge: $12.00 Interest earned on your account: $4.00 You have recorded all deposits in your checkbook. RECONCILIATION FORM $ Balance from bank statement Add outstanding deposits Total outstanding deposits Subtotal Deduct outstanding checks Total outstanding checks Adjusted bank balance $Balance from checkbook $Add deposits not $ $ recorded $ Total deposits not |$| recorded $Subtotal $ $ Deduct bank fees I$I $Balance less fees $ Add interest earned $ Adjusted checkbook balance $ IS
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