The book balance in the checking account of Kyri Enterprises as of November 30 is $2,964. The bank statement shows an ending balance of $2,525. The following information is discovered by (1) comparing last month’s deposits in transit and outstanding checks with this month’s bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement.Deposits in transit:11/29$125 11/30200Outstanding checks:No. 32217 No. 324105 No. 32754Unrecorded ATM withdrawal:* 100Bank service charge: 25NSF check: 185 Error on Check No. 321Checkbook shows it was for $64, but it was actually written for $44. Accounts Payable was debited. *Funds were withdrawn by Susan Kyri for personal use. Kyri EnterprisesBank ReconciliationNovember 30, 20--1Bank statement balance, November 30 2 3 4 5 6 7 8 9 10 11 12Adjusted bank balance 13 14Book balance, November 30 15 16 17 18 19 20 21 22Adjusted book balance PAGE 1 GENERAL JOURNAL DATEACCOUNT TITLEPOST. REF.DEBITCREDIT1 2 3 4 5 6 7 8

Requirement 1: Prepare a bank reconciliation statement.

Answered: Bank Reconciliation November 30, 20-- 1…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 1PA

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The book balance in the checking account of Kyri Enterprises as of November 30 is $2,964. The bank statement shows an ending balance of $2,525. The following information is discovered by (1) comparing last month’s deposits in transit and outstanding checks with this month’s bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement.

Deposits in transit:	11/29	$125
	11/30	200
Outstanding checks:	No. 322	17
	No. 324	105
	No. 327	54
Unrecorded ATM withdrawal:*		100
Bank service charge:		25
NSF check:		185

Error on Check No. 321	Checkbook shows it was for $64, but it was actually written for $44. Accounts Payable was debited.

*Funds were withdrawn by Susan Kyri for personal use.

Kyri Enterprises

Bank Reconciliation

November 30, 20--

1	Bank statement balance, November 30
2
3
4
5
6
7
8
9
10
11
12	Adjusted bank balance
13
14	Book balance, November 30
15
16
17
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20
21
22	Adjusted book balance

PAGE 1

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
1
2
3
4
5
6
7
8

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