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Name: FORMTEXT ????? Date: FORMTEXT ?????School: FORMTEXT ????? Facilitator: FORMTEXT ?????5.04 Bank StatementWhen the monthly bank statement is received from the bank, it must be reconciled as soon as possible by comparing it with the check register balance. Remember that a check register is similar to check stubs as they both list deposits and check written along with the current balance in the checking account.For this assignment, the bank statement and check register appear on the same file. Compare the bank statement balance on page 2 with the check register balance on page 3, and then reconcile the differences between them. Use this bank reconciliation form to complete the assignment. BANK RECONCILIATION FORMEnding balance on bank statementTo this ending balance, ADDOutstanding Deposits—list each one separately and get totalTotal outstanding deposits SUBTOTAL (Ending bank balance + total outstanding deposits)To this subtotal, make these deductions for outstanding checks and debit card use that are on check register but not on bank statement:Check #127WalgreensEnter total outstanding checks and debits hereAdjusted Bank Balance (SUBTOTAL – above total outstanding checks & debits)This amount should be the same as the current balance in your check registerCity Bank2 Financial DriveAny City, AlabamaTHIS STATEMENT COVERS11/1/14 through 11/30/14CHECKING ACCOUNT # 1234-567Previous Statement Balance on 10/31/14Total of 2 Deposits (added to balance) forTotal of 6 Withdrawals (subtracted from balance) for610.44850.00800.58NEW BALANCE (after above additions/subtractions)659.86CHECKS & OTHER DEBITS1234-567CHECKDATE PAIDAMOUNTCHECKDATE PAIDAMOUNT12411/05300.0012611/1856.2512511/10246.0012811/2962.77Withdrawal #00281 at ATM #423CDebit Card at Gas UpDebit Card at Groceries R UsTOTAL OF ALL CHECKS & OTHER DEBITS11/1211/1611/1730.0030.5675.00800.58DATE POSTEDAMOUNTDEPOSITS & OTHER CREDITS1234-567Direct Deposit from #05323 on 10/31/14Direct Deposit from #05323 on 11/15/14TOTAL OF ALL DEPOSITS AND OTHER CREDITS11/211/16425.00425.00850.00NEW BALANCE (after above additions/subtractions)659.86Check NoDateDescriptionTransaction AmountDeposit AmountBalance$?Oct 31Previous Balance61044Nov 1Deposit42500103544124Nov 2Mr. Green for rent3000073544125Nov 6Ford Motor Credit2460048944Nov 12ATM withdrawal300045944Nov 15Deposit4250088444Nov 15Gas Up using debit card305685388126Nov 16Walmart 562579763Nov 17Groceries R Us, debit card750072263127Nov 27Check to pay Belk’s charge810064163128Nov 27Paid Phone bill627757886Walgreens123556651Dec 1Deposit4250099151 ................
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