Problem 4-2B Part 1
Required:
1. Prepare a bank reconciliation for the Blockwood checking account on October 31, 2015.
BLOCKWOOD VIDEO
Bank Reconciliation
October 31, 2015
Bank's Cash Balance
Company's Cash Balance
Per bank statement
$
12,639
Per general ledger
$
12,376
Deposits outstanding
830
NSF check
(84)
Bank error
576
Service fees
(33)
Checks outstanding
(1,275)
Interest on note (EFT)
59
Principal on note (EFT)
600
Company error
(18)
Bank balance per reconciliation
$
12,770
Company balance per reconciliation
$
12,900