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Question

Uggested Sites See What's Hot Web Sice Gallery Google Apple Disney ESPN Yahool Premium Paradise Kick 92 No Exercise 6-8 Bank reconciliation and adjusting entries P3 Prepare a table with the following headings for a monthly bank reconciliation dated September 30. Bank Balance Not Shown on the Reconciliation Book Balance Add Deduct Add Deduct Adjust For each item 1 through 12, place an x in the appropriate column to indicate whether the item should be added to or deducted from the book Page 308 or bank balance, or whether it should not appear on the reconciliation. If the book balance is to be adjusted, place a Dr.or Cr, in the Adjust column to indicate whether the Cash balance should be debited or credited. At the left side of your table, number the items to correspond to the following list. 1. NSF check from customer is returned on September 25 but not yet recorded by this company 2. Interest earned on the September cash balance in the bank. 3. Deposit made on September S and processed by the bank on September 6 4. Checks written by another depositor but charged against this company's account. 5. Bank service charge for September. 6. Checks outstanding on August 31 that cleared the bank in September. 7. Check written against the company's account and cleared by the bank; erroneously not recorded by the company's recordkeeper MacBook Air

Explanation / Answer

Not shown Bank Balance Cash balance on the Sl.No. Add Deduct Add Deduct Adjmt. reconciliation 1 x x Cr 2 x x Dr 3 x 4 x 5 x x Cr 6 x 7 x x Cr 8 x x Dr 9 x 10 x x 11 x x 12 x x Cr The above table is based on the presentation on   BRS.

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