Bank Reconciliation: Example Problem
H & R Dud Company
Bank Reconciliation Statement
Cash Ledger Account
Bank Checking Account
Balance per books
$18,671 Balance per bank
$17,959
Add:
Add:
No 2. DIT
2,500
$
Subtotal
$
Subtotal
$
Deduct:
Deduct:
$
No 1. ch# 110
Ch# 115
<145>
<195>
$
Updated balance
per books
$
Updated balance
21,079
21,079 per bank
1.
Checks outstanding were as follows: No. 110, $145; No. 115, $195;
2.
No. 116, $400 (certified) -> Do nothing.
A deposit of $2,500 made the last day of the month does not appear in the bank
statement.
A check for $960 had been erroneously charged to our account by the bank.
Check No. 112 for $570 was erroneously recoded on the books as $750. It was for Rent
Expense.
The following items were returned with the bank statement:
A NSF check from a customer for $502.
A debit memo for the month's service charge of $50.
A credit memo for $2,780 for a note receivable of $2,700 plus interest collected
for us by the bank. [Direct Deposit]
Journal entries on Books of H & R Dud Company
DR:
CR:
DR:
CR:
DR:
DR:
CR:
CR:
101
