Show to reconcile an account, accounting homework help

User Generated

anan85

Business Finance

Description

The July bank statement for A & H Iron Works shows a balance of $37.94 and a service charge of $8.00. The account register shows deposits of $650 and $375.56 that do not appear on the statement. Checks in the amounts of $217.45, $57.82, $17.45, and $58.62 are outstanding. The register before reconciliation is $720.16. Reconcile the bank statement with the account register using the form in figure 4-48.

$


BALANCE AS SHOWN ON BANK STATEMENT


BALANCE AS SHOWN IN YOUR REGISTER

$




$


TOTAL OF OUTSTANDING DEPOSITS


SUBTRACT AMOUNT OF SERVICE CHARGE





$


NEW TOTAL


NEW TOTAL

$




-$


SUBTRACT TOTAL OF OUTSTANDING CHECKS


ADJUSTMENTS IF ANY

$




$


YOUR ADJUSTED STATEMENT BALANCE

SHOULD <----------> EQUAL

YOUR ADJUSTED REGISTER BALANCE

$













Outstanding Deposits (Credits)$

Outstanding Checks (Debits)$

Date

Amount

Check Number

Date

Amount


$




$



-


































Total

$




$











FIGURE 4-48

Account Reconciliation Form

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Explanation & Answer

Hello again, find the attached document containing the answer

BALANCE ON BANK
STATEMENT
TOTAL OF
OUTS...


Anonymous
Really helpful material, saved me a great deal of time.

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