Question

Using the following information, prepare a bank reconciliation for Blossom Company for July 31, 2022.

a.		The bank statement balance is $3,500.
b.		The cash account balance is $3,950.
c.		Outstanding checks totaled $1,200.
d.		Deposits in transit are $1,600.
e.		The bank service charge is $32.
f.		A check for $86 for supplies was recorded as $68 in the ledger.

Blossom Company Bank Reconciliation For the Month Ended July 31, 2022For the Year Ended July 31, 2022July 31, 2022
select an opening name for section one Cash Balance Per BankBank Service ChargeAdjusted Cash Balance Per BankFederal Tax DepositsOutstanding ChecksDeposit in TransitAdjusted Cash Balance Per BooksCheck for Supplies Error				$enter a dollar amount
select between addition and deduction LessAdd : select a reconciling item Bank Service ChargeDeposit in TransitOutstanding ChecksAdjusted Cash Balance Per BooksCheck for Supplies ErrorCash Balance Per BankFederal Tax DepositsAdjusted Cash Balance Per Bank				enter a dollar amount
				enter a subtotal of the two previous amounts
select between addition and deduction LessAdd : select a reconciling item Adjusted Cash Balance Per BooksCash Balance Per BankCheck for Supplies ErrorAdjusted Cash Balance Per BankOutstanding ChecksBank Service ChargeFederal Tax DepositsDeposit in Transit				enter a dollar amount
select a closing name for section one Cash Balance Per BankCheck for Supplies ErrorAdjusted Cash Balance Per BankDeposit in TransitOutstanding ChecksAdjusted Cash Balance Per BooksBank Service ChargeFederal Tax Deposits				$enter a total amount for the first section
select an opening name for section two Outstanding ChecksAdjusted Cash Balance Per BankCash Balance Per BooksCheck for Supplies ErrorBank Service ChargeDeposit in TransitAdjusted Cash Balance Per BooksFederal Tax Deposits				$enter a dollar amount
select between addition and deduction LessAdd :
select a reconciling item     Bank Service Charge    Adjusted Cash Balance Per Books    Deposit in Transit    Check for Supplies Error    Federal Tax Deposits    Adjusted Cash Balance Per Bank    Outstanding Checks    Cash Balance Per Books		$enter a dollar amount
select a reconciling item     Federal Tax Deposits    Bank Service Charge    Adjusted Cash Balance Per Bank    Deposit in Transit    Cash Balance Per Books    Outstanding Checks    Adjusted Cash Balance Per Books    Check for Supplies Error		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for section two Federal Tax DepositsAdjusted Cash Balance Per BooksCheck for Supplies ErrorAdjusted Cash Balance Per BankDeposit in TransitCash Balance Per BooksBank Service ChargeOutstanding Checks				$enter a total amount for the second section

Answer 1

Bank Reconciliation- Blossom Company
		Amount			Amount
Bank Statement Balance		$3,500.00	Cash Account Balance		$3,950.00
Add:			Deduct
Deposit in Trnasit		$1,600.00	Error in recording check( 86-68)		-$18.00
Deduct			Bank Service Charges		-$32.00
Outstanding Check		-$1,200.00
Adjusted Balance		$3,900.00	Adjusted Balance		$3,900.00