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General Accounting Discussions: bank Reconciliation promblem

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    • CommentAuthordanger
    • CommentTimeJul 28th 2009
     
    need help asap

    Bank statement balance......$23,208
    Bank service charge........$5.00
    Oustanding deposits
    Sept. 29th........................$310
    Sept. 30th........................$330
    Sept. 30th........................$5,000
    Outstanding checks
    # 214..............................$90
    # 215..............................$50
    #217..............................$3,578
    • CommentAuthorArcSine
    • CommentTimeJul 29th 2009
     
    And I'm guessing that your books or ledger show a cash balance of 25,135? Verify that first, and we can go from there.
    • CommentAuthorpk
    • CommentTimeJul 30th 2009
     
    Balance per Bank.................... 23,208

    Add:
    o/s deposits............................. 5,640 (310 + 330 + 5,000)
    Less:
    o/s checks................................ <3,718> (90 + 50 + 3,578)

    Adjusted Bank Balance....................25,130
    Thankful People: tgm603
    • CommentAuthorArcSine
    • CommentTimeJul 30th 2009
     
    Yep, pk's got one side of the reconciliation done.

    Now if I was correct in my assumption that your books are showing a cash balance of 25,135, just deduct that $5 service charge item from your balance, and your adjusted book balance is also 25,130, thereby matching the Adjusted Bank Balance that pk has come up with.
    Thankful People: tgm603

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