The August bank statement and cash T-account for Martha Company follow:
No deposits were in transit, and no checks were outstanding at the end of July.
CP5-3 (Algo) Part 3
3. Prepare a bank reconciliation for August.
TIP: Any item in the accounting records without check marks should appear on the bank statement side of the bank reconciliation. Any items in the bank statement without check marks should appear on the company's books side of the bank reconciliation.
Bank Statement MARTHA COMPANY
Ending Balance per Bank Statement
Additions:
Date Deposits Checks Other Balance
August 1 $21,340 $480 $14,700
August 2 20,860 580
August 3
35,560 430
August 4
34,980 490
August 5
34,550
August 9
33,300
August 10
32,810
August 15
37,710
August 21
37,130
August 24
10,230
August 25
18,580
August 30
17,640
August 30
17,670
August 31
17,660
$1,250
$30
$10
$580
$26,900
$8,350
$940
$480
$580
$430
$1,250
$490
$14,700
$4,900
$8,350
$5,900
Cash Account
Debit Credit
August 1 Balance 21,340
Deposits August 2 20,860
August 12
August 24
August 31
Checks written 480
580
430
490
1,250
470
820
940
580
26,900
14,700
4,900
8,350
5,900
August 1
August 2
August 3
August 4
August 5
August 15
August 17
August 18
August 19
August 23
August 31 Balance 22,250
CP5-3 (Algo) Part 3
3. Prepare a bank reconciliation for August.
TIP: Any item in the accounting records without check marks should appear on the bank statement side of the bank reconciliation. Any items in the bank statement without check marks should appear on the company's books side of the bank reconciliation.
MARTHA COMPANY
Bank Reconciliation August 31
Bank Statement Ending Balance per Bank Statement
Company's Books Ending Balance per Cash Account Additions:
Additions: 0
0
0
Deductions:
Deductions: 0
0
0
Up-to-Date Cash Balance
