BANK RECONCILIATION 1. Using the following items from a bank reconciliation, classify each of these reconciling items: a

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Bank Reconciliation 1 Using The Following Items From A Bank Reconciliation Classify Each Of These Reconciling Items A 1 (62.3 KiB) Viewed 15 times

BANK RECONCILIATION 1. Using the following items from a bank reconciliation, classify each of these reconciling items: a. an addition to the bank balance b. a deduction from the bank balance C. an addition to the book balance d. a deduction from the book balance not a reconciling item e. 1. Collection of note receivable plus interest revenue by bank Bookkeeper recorded check written for $755 as $557 in the cash 2. payments journal 3. Bank service charges 4. Bank charge for printing checks 5. 6. Bank added deposit to company's account in error Deposits in transit 7. Bank withdrew $1,270 from company's account for a check written for $12,700 8. Check returned by the bank marked NSF Outstanding checks 9. 10. Bank returned all cancelled checks 2. The following information is available for Andersen Company for the month ending June 30, 2008. Prepare a bank reconciliation for Andersen Company for June 30, 2008. Balance per the bank statement is $10,241.43. Balance per books is $9,745.06. Check #506 for $1,948.52 and check # 510 for $1,800.25 were not returned with the June 30 bank statement. • A deposit in transit of $5,113.40 had not been received by the bank when the bank statement was generated. • A bank debit memo indicated an NSF check in the amount of $79 written by Bruce Garrett to Andersen Company on June 13. • A bank credit memo indicated a note collected by the bank of $1,900 and interest revenue of $75 on June 20. • The bank statement indicated service charges of $35.