Scribd
Upload
14K views3 pages

Bank Reconciliation

The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

Uploaded by

Raphy Leonardo Mallari Ortañez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
14K views3 pages

Bank Reconciliation

The document contains 3 bank reconciliation statements for different companies - Chivalry Company, Zodiac Company, and Radiant Company. Each reconciliation statement shows the book balance, additions and deductions to calculate the adjusted bank balance and reconcile it to the balance per bank. Key items added include collections, interest, and deposits in transit. Key deductions include service charges, NSF checks, and outstanding checks.

Uploaded by

Raphy Leonardo Mallari Ortañez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

ORTAEZ, Raphy Leonardo M.

A-236

BS Accountancy

Problem 8-6
Chivalry Company
Bank Reconciliation Statement
For the month ended March 31, 20XX
Book balance
Add: Collection of note
Interest on note
Error in recording chk.
No. 175

1,405,000
2,500,000
150,000
45,000

2,695,000
4,100,000

Less:

Service charge
Utilities expense
NSF check

5,000
245,000
220,000

Bank balance
Add: Deposit in transit
Less:

5,630,000
750,000
6,380,000

Bank error
Outstanding checks
Adjusted bank balance

1,100,000
1,650,000

Cash in bank
Note receivable
Interest income
Accounts Payable

2,695,000

Bank service charge


Utilities expense
Accounts Receivable
Cash in bank

XFINACR1 Financial Accounting and Reporting 1

470,000
3,630,000

2,750,000
3,630,000

2,500,000
150,000
45,000
5,000
245,000
220,000
470,000

Bank Reconciliation

ORTAEZ, Raphy Leonardo M.

A-236

BS Accountancy

Problem 8-7
Zodiac Company
Bank Reconciliation Statement
For the month ended April 31, 20XX
Book balance
Add:
CM for note collected
Outstanding checks no.
No.
1331
1332
1334
1335
Total
Less:
Bank service charge
NSF Check
Deposit in transit
Balance per bank
Cash in bank

1,100,000
60,000
40,000
30,000
60,000
10,000
5,000
25,000
270,000

140,000
1,300,000

300,000
1,000,000

60,000
Note receivable

Bank
service
charge
Accounts
Receivable

60,000
5,000

25,000
Cash in bank

XFINACR1 Financial Accounting and Reporting 1

30,000

Bank Reconciliation

ORTAEZ, Raphy Leonardo M.

A-236

BS Accountancy

Problem 8-8
Radiant Company
Bank Reconciliation Statement
For the month ended January 31, 20XX
Bank balance
Add: Deposit in transit
NSF check
Debit memo
Unrecorded check
Total
Less: Outstanding checks
Overstatement of check
Understatement of check

3,500,000
550,000
50,000
5,000
125,000
650,000
270,000
180,000

Book balance
Cash in bank
Accounts Payable
Accounts Receivable

450,000

Accounts Receivable
Bank Service charge
Accounts Payable
Cash in bank

50,000
5,000
125,000

730,000
4,230,000

1,100,000
3,130,000

270,000
180,000

180,000

Thank you po maam Wanda.


Stay beautiful! :D

XFINACR1 Financial Accounting and Reporting 1

Bank Reconciliation

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy