You are performing a bank reconciliation for August 20X1. The balance per bank i

Question

You are performing a bank reconciliation for August 20X1. The balance per bank is $21,863; the ledger Cash balance, $17,250. Outstanding checks are as follows: Check Number Amount 2003 $ 560 2004 910 2008 1,700 2009 2,110 You have also identified the following: • A $13 bank service charge for August • An NSF check for $720 • Check #1996, made out to Local Gas & Electric for $798, was booked as $870 • A $6 charge for your bank’s Web Banking, which the company does use To reconcile the balance per book to the balance per bank will require adjusting the book balance by: $727 $811 $667 $648 $733

Explanation / Answer

Particulars Amount Amount Balance as per books 17250 Add: 1.Check issued but not debited in bank Check No-2003 560 Check No-2004 910 Check No-2008 1700 Check No-2009 2110 2.Excess amount booked towards Local gas & electric (870-798) 72 5352 22602 Less: 1.Bank charges 13 2.Web banking charges 6 3.NFS check 720 739 Balance as per Bank book 21863

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