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    Bank Reconciliation

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    Raphy Leonardo Mallari Ortañez
    The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

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    Bank Reconciliation

    Uploaded by

    Raphy Leonardo Mallari Ortañez
    13K views3 pages
    The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

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    Bank Reconciliation for Financial Accounting

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    The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13K views3 pages

    Bank Reconciliation

    Uploaded by

    Raphy Leonardo Mallari Ortañez
    The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

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    © All Rights Reserved
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    ORTAEZ, Raphy Leonardo M.

    A-236

    BS Accountancy

    Problem 8-6
    Chivalry Company
    Bank Reconciliation Statement
    For the month ended March 31, 20XX
    Book balance
    Add: Collection of note
    Interest on note
    Error in recording chk.
    No. 175

    1,405,000
    2,500,000
    150,000
    45,000

    2,695,000
    4,100,000

    Less:

    Service charge
    Utilities expense
    NSF check

    5,000
    245,000
    220,000

    Bank balance
    Add: Deposit in transit
    Less:

    5,630,000
    750,000
    6,380,000

    Bank error
    Outstanding checks
    Adjusted bank balance

    1,100,000
    1,650,000

    Cash in bank
    Note receivable
    Interest income
    Accounts Payable

    2,695,000

    Bank service charge


    Utilities expense
    Accounts Receivable
    Cash in bank

    XFINACR1 Financial Accounting and Reporting 1

    470,000
    3,630,000

    2,750,000
    3,630,000

    2,500,000
    150,000
    45,000
    5,000
    245,000
    220,000
    470,000

    Bank Reconciliation

    ORTAEZ, Raphy Leonardo M.

    A-236

    BS Accountancy

    Problem 8-7
    Zodiac Company
    Bank Reconciliation Statement
    For the month ended April 31, 20XX
    Book balance
    Add:
    CM for note collected
    Outstanding checks no.
    No.
    1331
    1332
    1334
    1335
    Total
    Less:
    Bank service charge
    NSF Check
    Deposit in transit
    Balance per bank
    Cash in bank

    1,100,000
    60,000
    40,000
    30,000
    60,000
    10,000
    5,000
    25,000
    270,000

    140,000
    1,300,000

    300,000
    1,000,000

    60,000
    Note receivable

    Bank
    service
    charge
    Accounts
    Receivable

    60,000
    5,000

    25,000
    Cash in bank

    XFINACR1 Financial Accounting and Reporting 1

    30,000

    Bank Reconciliation

    ORTAEZ, Raphy Leonardo M.

    A-236

    BS Accountancy

    Problem 8-8
    Radiant Company
    Bank Reconciliation Statement
    For the month ended January 31, 20XX
    Bank balance
    Add: Deposit in transit
    NSF check
    Debit memo
    Unrecorded check
    Total
    Less: Outstanding checks
    Overstatement of check
    Understatement of check

    3,500,000
    550,000
    50,000
    5,000
    125,000
    650,000
    270,000
    180,000

    Book balance
    Cash in bank
    Accounts Payable
    Accounts Receivable

    450,000

    Accounts Receivable
    Bank Service charge
    Accounts Payable
    Cash in bank

    50,000
    5,000
    125,000

    730,000
    4,230,000

    1,100,000
    3,130,000

    270,000
    180,000

    180,000

    Thank you po maam Wanda.


    Stay beautiful! :D

    XFINACR1 Financial Accounting and Reporting 1

    Bank Reconciliation

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