Reconciliation

Document Sample
Reconciliation Powered By Docstoc
					Name: _________________________________________________

               Reconciling A Checking Account
Joe Lowell has a checking account, #589687456. Joe forgot to post any
transactions to his checkbook register this month, but has receipts for the
following transactions.

A. Please post them correctly into his checkbook register. Joe's register
matched on the date of the last statement, August 13. The balance since his last
statement was $529.02.

             Date      Transaction Made Amount
           8/26/2004         Deposit             897.25
            9/2/2004         Deposit              78.54
            9/9/2004         Deposit             897.25
           9/14/2004         Deposit              70.00
           8/24/2004        Check #856           198.74   Gas Co.
           8/26/2004        Check #857           230.00   Visa
           8/28/2004        Check #858            58.65   Electric Co.
           8/29/2004        Check #859            35.98   Cherie
            9/3/2004        Check #860            87.65   Phone Co,
           9/11/2004        Check #861            52.87   Student Loan
           9/11/2004        Check #862             8.00   Mike L.
           9/12/2004        Check #863            13.00   Mom
           9/15/2004        Check #864           968.54   Mortgage
           9/15/2004        Check #865            96.00   Mastercard
           9/18/2004        Check #866            56.98   Cellular Bill
           8/31/2004           ATM                60.00
            9/4/2004           ATM               300.00   $1 fee
            9/6/2004           ATM                80.00   $1 fee
           9/13/2004           ATM               100.00   $1 fee
           9/18/2004           ATM                50.00

B. Compare Joe's new bank statement, dated September 13 to his checkbook
register. Locate all outstanding deposits and checks/withdrawals. Also look for any
bank fees that may have been charged that are not listed in the checkbook.

C. Enter any bank service fees in the checkbook register that are not already
listed there.

D. Complete the Bank Reconciliation Form using both the checkbook register
and the bank statement to find out if any errors were made. The Bank
Reconciliation From should end up with the same balance as the checkbook.
                    Joe's Checkbook Register
                                    Payment/     Deposit/
Number    Date        Description            Fee            Balance
                                     Debit        Credit
         20-Aug Previous Balance                             529.02
                                  Bank Reconciliation Form

                                                             Checks Outstanding
PLEASE EXAMINE YOUR STATEMENT AT ONCE. ANY                    Check    Check
DISCREPANCY SHOULD BE REPORTED TO THE BANK                   Number    Amount
IMMEDIATELY


1. Record any transactions appearing on your bank
statement but not listed in your checkbook.


2. List any checks still outstanding in the
space provided to the right.

3. Enter the balance shown on your bank
statement here.

4. Enter deposits recorded in your
checkbook but not shown on this statement.


5. Total lines 3 and 4 and enter here.

6. Enter total checks and ATM withdrawals
outstanding here.

7. Subtract line 6 from line 5. This adjusted
bank balance should agree with your check
                                                              Total
book balance.
USA Bank of America
99 Liberty Dr.
Washington, Washington 11122

                  Checking Account Statement
                    Statement Date: 9-13-2004
              Checking Account #589687456 Summary

Balance as of 8-13-2004        529.02
Total Deposits/Credit         1873.04
Total Checks/Debits           1154.02
Monthly Fee                      6.00
Ending Balance                1242.04


Transactions:

                 Checks:
                            Check #      Date       Amount
                                  856     28-Aug      198.74
                                  857     31-Aug         230
                                  858      4-Sep       58.65
                                  859      3-Sep       35.98
                                  860      9-Sep       87.65
                                            Total     611.02
                Deposits:
                                         Date       Amount
                                          26-Aug       897.25
                                           2-Sep        78.54
                                           9-Sep       897.25
                                            Total     1873.04
       ATM Withdrawals
                             Date       Amount       Fee
                              31-Aug       60.00
                               4-Sep      300.00           1.00
                               6-Sep       80.00           1.00
                              13-Sep      100.00           1.00
                                Total     540.00           3.00

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:105
posted:7/26/2011
language:English
pages:5