Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee...
Bank Reconciliation
The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:
Cash balance according to the company’s records at August 31, $14,190.
Cash balance according to the bank statement at August 31, $18,330.
Checks outstanding, $5,710.
Deposit in transit, not recorded by bank, $2,150.
A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810.
Bank debit memo for service charges, $50.
Prepare a bank reconciliation, using the format shown in Exhibit 12.
| Kaycee Sisters Inc. | |
| Bank Reconciliation | |
| August 31, 20Y9 | |
| Cash balance according to bank statement | $_______ |
| Add deposit in transit, not recorded by bank | _________ |
| $_________ | |
| Deduct outstanding checks | __________ |
| Adjusted balance | $__________ |
| Cash balance according to Kaycee Sisters Inc. | $__________ |
| Add error in recording check as $810 by the company instead of $180 | ____________ |
| $____________ | |
| Deduct bank service charges | ____________ |
| Adjusted balance ____________ | |
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Bank Reconciliation
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E5-18/19
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Cash balance according to the company's records at August 31,
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Cash balance according to the bank statement at August 31,
$23,570.
Checks outstanding, $4,540.
Deposit in transit, not recorded by bank, $3,640.
A check for $590 in payment of an account was erroneously
recorded in the check register as $950.
Bank debit memo for service charges, $40.
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use in reconciliation gonna in the bank account of Creative Design
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The following data were accumulated for use in reconciling the
bank account of Creative Design Co. for August 20Y6:
Cash balance according to the company's records at August 31,
$22,350.
Cash balance according to the bank statement at August 31,
$23,570.
Checks outstanding, $4,540.
Deposit in transit, not recorded by bank, $3,640.
A check for $590 in payment of an account was erroneously
recorded in the check register as $950.
Bank debit memo for service charges, $40.
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