7. Bank Reconciliation as of. Summary: This is an example of the reconciliation of the company's bank account as pertains to the sample in the text. It
states:
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Date: January 31, 20--
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Closing balance shown on bank statement: 1,458.12
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Add deposits not credited:
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1/28: 701.33
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1/31: 516.08
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TOTAL DEPOSITS NOT CREDITED: 1,217.41
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Subtotal: 2,675.53
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Subtract outstanding checks:
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Number 90: 66.70
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91: 9.80
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94: 150.00
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95: 300.00
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TOTAL OUTSTANDING CHECKS: 526.50
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Adjusted balance per bank statement: 2,149.03
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Balance shown in checkbook: 2,153.03
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Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference): 6.00
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Subtotal: 2,159.03
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Subtract: Bank service charge: 10.00
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Adjusted checkbook balance: 2,149.03
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