Sample Bank Reconciliation Problem Please Complete The Sample Bank Reconciliation Problem And Also Indicate The Bank Reconciliation, Where Each Of The Individual Problems Belong On The Bank Reconciliation, By Putting The Letter Of The Problem Next To The Dollar Amount On The Bank Reconciliation.

 

Sample bank reconciliation problem

Please complete the sample bank reconciliation problem and also indicate the bank reconciliation, where each of the individual problems belong on the bank reconciliation, by putting the letter of the problem next to the dollar amount on the bank reconciliation.

 

 

The balance per books amount at 11/30 is $40,859. This determined by adding the cash amount balance at 11/1 of $34,789 with the cash deposits of $33,652 and deducting checks written of $27,582. The cash account for Collegiate Sports Co. on November 1, 2016 indicated a balance of $34,789. During November, the total cash deposited was $33,652, and checks written totaled $27,582 The bank statement indicated a balance of $50,228 on November 30, 2016. a. The bank erroneously credited Collegiate Sports Co. with a deposit made by Grant Co. In the amount of 5900. b. Checks outstanding totaled $12,333. c. A check for $400 had been in correctly charged by the bank as $450. d. The bank had collected for Collegiate Sports Co. $1,111 on a note left for collection. e. Bank service charges for November amounted to $60. f. A check for $50 returned with the statement had been recorded by Collegiate Sports Co. as $500. The check was for the payment of an obligation to Ramirez Co. on account. g. An ATM withdrawal of $200 on November 18 by Collegiate Sports Co. for personal use was not recorded on the books. h. A deposit of $6,720, representing receipts of November 30, had been made too late to appear on the bank statement. 1. The bank reported a credit of $150 for interest on the average balance. J. The bank erroneously charged a check drawn by Smith Co. In the amount of $200 to Collegiate Co. k. A check for $1,000 from Hallen Academy was retumed by the bank because of insufficient funds. 1. Checks from September that have not yet cleared the bank totaled $2,655.