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5-2 APPLICATION PROBLEM Reconciling a bank statement and recording a bank service charge Forms are given below. On May 31 of the current year, Parties Plus received a bank statement dated May 30. The following information is obtained from the bank statement and from the records of the business. Bank statement balance Bank service charge Outstanding deposit, May 30 $ 1,927.00 20.00 756.25 Outstanding checks: No. 310 421.76 150.50 2,130.99 No. 311 Checkbook balance on Check Stub No. 312 Instructions: 1. Prepare a bank statement reconciliation. Use May 31 of the current year as the date. 2. Record the service charge on check stub No. 312. 3. Record the service charge on general journal page 10. Use Memorandum No. 58 as the source document.1. Application Problem 5-2 RECONCILIATION OF BANK STATEMENT 20-- (Date Balance On Check Stub No. DEDUCT BANK CHARGES: Balance On Bank Statement. ADD OUTSTANDING DEPOSITS: Description Amount Date Amount Total bank charges Total outstanding deposits SUBTOTAL DEDUCT OUTSTANDING CHECKS: Ck. Amount C. Amount No. No. Total outstanding checks Adjusted Check Stub Balance Adjusted Bank Balance No. 312 Date: To: 20ーAMT. DEPOSITED SUBTOTAL OTHER: SUBTOTAL AMT. THIS CHECK BAL. CARD FORD Page 10 JOURNAL Doc. Post. General Sales Cash Date Account Title No Ref Debit Credit Credit Debit Credit

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Recomci uoinob Bonk stotemen 下 Deduct Eank chasges A dd oulstandirg depocits Date Amount 756-2 5 2683.25 Sub total (1t) Deduct outstandi Checks chkdo Amounb 310 21-6 3 1I TU laQ outstanding chects (3) 579.26 Adjusted Check su b ted Lank babuwe Cl+2)-3 balance u)) AdJus 2110.99ey-2 o.312 51220 Date o iven ToBanK sebvice chasg e Ban deducted Ehalges fos Psoviding sesvice 丁ournal Doc No Pos Re exenes Debit cedrl e al sale cash debit caedib Date Account title ean h servic ewge 58

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