Question: Bank Reconciliation statement is given below Bank Statement Balance $3,678 Book Balance $2,547 Add: Deposit in Transit $321 Add: Notes Receivable Collected $1,035 Less: Outstanding

Bank Reconciliation statement is given below


Bank Statement Balance $3,678Book Balance $2,547

Add:

Deposit in Transit $321

Add:

Notes Receivable Collected $1,035

Less:

Outstanding Checks ($108 + $334) ($442)

Less:

Bank Charges ($25)

Adjusted bank balance $3,557Adjusted book balance $3,557



Attach a Tabular Analysis to show business adjustments for the Bank Reconciliation. Include totals and the Accounting Equation.

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