Simple bank rec problem, please help I just need help putting the bank rec together on the first sheet in excel, the rest of the work is already done
Lotus Lake, Inc. Bank Reconciliation `
GL Account Number
Bank Account Number May 31, 2011 General Cash
100054329 Prepared By
Reviewed By Balance Per Bank Statement Date
Date Balance Per General Ledger Add: Add: - - Subtract: Subtract: - - Other: Other: Balance
Difference - - Balance - Chapter 7, P 5. CHAPTER 7 HOMEWORK----NAME: 1. Bank reconciliation prepared
Lotus Lake, Inc.
May 31, 2011
Balance per bank, May 31
Add: deposit in transit $53,451.46
$ 5,220.94 check of another company mistakenly deducted
by bank 750.00 5,970.94
$59,422.40 Less outstanding checks 3,936.80 Adjusted bank balance, May 31 $55,485.60 Balance per books, May 31 $43,784.16 Add: note receivable collected by bank $12,000.00 interest on note collected by bank 200.00 interest on average balance 250.00 12,450.00
$56,234.16 Less: checkrecorded incorrectly in check register
bank service charge
nsf check of justin curtis
Adjusted book balance, May 31 $ 540.00
$55,485.60 CHAPTER 7 HOMEWORK-NAME-Chapter 7, P 5. (Continued)
2. Journal entries prepared 2011
May 31 cash
To record note and interest collected
by bank 12,000.00
200.00 31 cash
To record interest on average bank
account balance 250.00 31 equipment
To correct an incorrect entry for purchase
= $540 540.00
# 31 bank service charges expense
To record bank service charge for May
31 accounts receivable
To record NSF check of Justin Curtis
returned by bank
3. 12,200.00 The adjusted cash balance of $55485.60 250.00 540.00 30.00
178.56 Should appear on the balance sheet.
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