Sarah has received her bank statement for the month ending November 30, which showed the following:   Ending balance   $641.50 Service charge       15.00 ATM Withdrawal    70.00 Interest earned         .50                   After reviewing the checkbook and bank statement, she determines that:                                   The November 30 checkbook balance is $1,136.00                                 Bank service charges, an ATM withdrawal, and interest had not been recorded.                                 A $954.00 deposit made on November 30 is not on the bank statement.                                 Outstanding checks total $544.00.                   Prepare a bank reconciliation in proper format.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter5: Bank Reconciliation (bankrec)
Section: Chapter Questions
Problem 4R
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  1. Sarah has received her bank statement for the month ending November 30, which showed the following:

 

Ending balance   $641.50

Service charge       15.00

ATM Withdrawal    70.00

Interest earned         .50

 

                After reviewing the checkbook and bank statement, she determines that:

 

                                The November 30 checkbook balance is $1,136.00

                                Bank service charges, an ATM withdrawal, and interest had not been recorded.

                                A $954.00 deposit made on November 30 is not on the bank statement.

                                Outstanding checks total $544.00.

 

                Prepare a bank reconciliation in proper format.

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