Question

The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at business.uschamber/tools/bankre_m.asp. Hanna Lind just received her bank statement notice online. She wants to reconcile her checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of $715. Her bank statement reflects a balance of $1,386. Checks outstanding are No. 2146, $53; No. 2148, $93; No. 2152, $178; and No. 2153, $490. Deposits in transit are $122 and $77. There is a $18 service charge and $9 ATM charge in addition to notes collected of $68 and $15.
Prepare Hanna’s bank reconciliation.

Answer 1

Answer:

Hanna’s bank reconciliation Statement.

Balance as per Bank Statement                           $1,386

Add Outstanding Lodgments :

Lodgments ($122 + $77)                                          $199

Less Unpresented Checks :

No. 2146,                                                  $53

No. 2148,                                                  $93

No. 2152,                                                  $178

No. 2153,                                                  $490       ($814)

Balance as per Cash Book                                       $771

Explanation:

The Bank Reconciliation Statement is used to provide an accurate cash balance figure and is prepared as above.