The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT ChecksDepositsOtherBalanceBalance, September 1 $1,800 September 7 NSF check$90 1,710 September 11 $2,700 4,410 September 12#101$700 3,710 September 17#102 1,500 2,210 September 26#103 2,200 10 September 29 EFT deposit 100 110 September 30 Service charge 10 100 Cash (A)Sep 1Balance1,800 Sep 10 2,700700Sep 10#101Sep 30 2,0001,500Sep 15#102 2,200Sep 22#103 40Sep 28#104Sep 30Balance2,060 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers. How would i fill out the bank reconcilliation for this problem?
The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:
| BANK STATEMENT | ||||||||||||||
| Checks | Deposits | Other | Balance | |||||||||||
| Balance, September 1 | $ | 1,800 | ||||||||||||
| September 7 | NSF check | $ | 90 | 1,710 | ||||||||||
| September 11 | $ | 2,700 | 4,410 | |||||||||||
| September 12 | #101 | $ | 700 | 3,710 | ||||||||||
| September 17 | #102 | 1,500 | 2,210 | |||||||||||
| September 26 | #103 | 2,200 | 10 | |||||||||||
| September 29 | EFT deposit | 100 | 110 | |||||||||||
| September 30 | Service charge | 10 | 100 | |||||||||||
| Cash (A) | |||||
| Sep 1 | Balance | 1,800 | |||
| Sep 10 | 2,700 | 700 | Sep 10 | #101 | |
| Sep 30 | 2,000 | 1,500 | Sep 15 | #102 | |
| 2,200 | Sep 22 | #103 | |||
| 40 | Sep 28 | #104 | |||
| Sep 30 | Balance | 2,060 |
No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers.
How would i fill out the bank reconcilliation for this problem?
Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from its perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books.
Prepare the bank reconcilia...
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