The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement $5,327 Balance per books as of June 30 9,265 Outstanding checks: #1007 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 Bank service charges 98 NSF check 412 Credit memo for interest earned 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required: Prepare a bank reconciliation as of June 30.
The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement $5,327 Balance per books as of June 30 9,265 Outstanding checks: #1007 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 Bank service charges 98 NSF check 412 Credit memo for interest earned 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required: Prepare a bank reconciliation as of June 30.
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 2R
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Question
The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.
| Balance per bank statement | $5,327 | |
| Balance per books as of June 30 | 9,265 | |
| Outstanding checks: | ||
| #1007 | $ 241 | |
| #1008 | 67 | |
| #1009 | 597 | |
| Deposits in transit | 229 | |
| 4,111 | ||
| Bank service charges | 98 | |
| NSF check | 412 | |
| Credit memo for interest earned | 16 |
Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill.
Required:
Prepare a bank reconciliation as of June 30.
| Doug's Sky Diving Supply Store | ||
| Bank Reconciliation | ||
| June 30, 20-- | ||
| Bank statement balance | $fill in the blank 1 | |
| Deduct deposits in transit: | $fill in the blank 3 | |
| fill in the blank 4 | fill in the blank 5 | |
| $fill in the blank 6 | ||
| $fill in the blank 9 | ||
| fill in the blank 11 | ||
| fill in the blank 13 | fill in the blank 14 | |
| Adjusted bank balance | $fill in the blank 15 | |
| Book balance | $fill in the blank 16 | |
| fill in the blank 18 | ||
| $fill in the blank 19 | ||
| $fill in the blank 22 | ||
| fill in the blank 24 | ||
| fill in the blank 26 | fill in the blank 27 | |
| Adjusted book balance | $fill in the blank 28 |
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