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.
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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- 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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