Question

Personal financing -
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll $500.00 Check 900 - Rent Check 901 - Car payment ATM withdrawal 87501 Deposit - Birthday gift 125.00 ATM withdrawal 89502 Jun-04 $550.00 275.00 25.00 921.00 896.00 Jun-05 Jun-05 1,021.00 Jun-11 35.15 985.85 Using the documentation from the bank and from Samuel's check register, construct the bank reconciliation statement for June 26. Note: Any items that you enter into the bank reconciliation statement should be entered in the order in which they appeared on the account ledger and bank statement. Samuel Smythe's Bank Reconciliation for June 29 Ending balance per bank statement, June 26 Add: Deposit in transit Deduct: Outstanding checks and ATM transactions Check number ATM number Check number ATM number Total withdrawals Adjusted bank balance Balance per books, June 29
First Blank --> date on the bank statement OR Reconciliation date

Second blank --> Monthly or Quarterly

Please show your work.

Answer 1

Bank Recociliation Statement for June 26

Ending balance as per bank statement, June 26		$1,196.00
Add: Deposit in transit		125.00
Deduct: Outstanding checks and ATM transactions
Check 901	$275.00
ATM 87501	25.00
ATM 89502	$35.15
Total withdrawals		335.15
Ending balance as per books, June 26		$985.85

First blank--> Reconciliaton date

Second blank-->Monthly