Part Four Instructions In this part of the practice set, the student will prepare a Bank Reconciliation for the month of

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Part Four Instructions In this part of the practice set, the student will prepare a Bank Reconciliation for the month of January. Start by using the ending balance in your cash account for the cash for your books and the ending balance on the bank statement for the bank balance. Requirements 1. Correct Errors: Correct any errors that you made on the journal entries. Both the debits and the credits must equal each other. 2. Bank Reconciliation: Using the cash balance per books and the bank statement, prepare a bank reconciliation. An example of the Bank reconciliation is located at the back of this practice set. Record Bank Reconciliation Adjustments: After you have prepared the bank reconciliation you must make any adjusting journal entries to your cash account by entering them in the general 3.

journal of the practice set so that the general ledger cash account agrees with the bank reconciliation. 4. Assume that any errors are made by the bank. 5. After preparing the bank reconciliation answer the questions in Blackboard and then staple the bank reconciliation to the back cover. Part Five Instructions ● Prepare an Adjusted Trial Balance, then an Income Statement, Statement of Retained Earnings and a Balance Sheet and staple them to the back cover of the practice set in the correct order as listed here. These statements can be hand written or done in Word or Excel.

Ivan's Instrument Center 123 Main Avenue El Paso, Texas 79945 WELLS FARGO BANK STATEMENT Ivan's Instrument Center Balance, beginning Deposits and other credits Checks and other debits Balance on statement date Wells Fargo Bank Page 1 PO Box 12345 El Paso, Texas 79902 1/2/2018 1/5/2018 01/01/2018 January January 01/31/2018 Deposits Added Deposit 1 Deposit 2 $30,000 $8.000 $0 $64,578 $28,660 $35,918

Ivan 3 mstrument Balance, beginning Deposits and other credits Checks and other debits Balance on statement date 01/01/2018 January January 01/31/2018 Deposits Added 1/2/2018 Deposit 1 1/5/2018 Deposit 2 1/20/2018 Deposit 3 1/23/2018 Deposit 4 1/28/2018 Deposit 5 $30,000 $8,000 $7,450 $8,303 $10,825 Wells Fargo Bank Statement - Checks Paid and other Debits 1001 $3,400 1007 $500 1002 $3,600 1008 1003 $18,000 1012 1004 $800 1005 $700 DM 1006 $900 $200 $530 $30 Check Printing Fee $0 $64,578 $28,660 $35,918