Bank reconciliation statement can be defined as a statement of account in which the bank balance as per company's accounting records is compared with the balance shown in the bank statement.
A.
Reber Company Bank Reconciliation
May 31, 2017
Cash balance per bank statement$ 6,404.60
Add: Depost in transit$ 2,416.15
Bank error 800.00
Less: Outstanding checks576.25
Adjusted cash balance per bank 9,044.50
Cash balance per books$ 6,781.50
Add:Collection of Note Receivable 3,060.00
Less: NSF check 680.00
Error on deposit 50.00
Error in check recording 27.00
Check printing charge 40.00
Adjusted cash balance per books9,044.50
B.
May31
Dr Cash3,060.00
Dr Misc Expense20.00
Cr Notes Receivable 3,000.00
Cr Interest Revenue 80.00
May 31
Dr Accounts Receivable 680.00
Cr Cash 680.00
May 31
Dr Sales Revenue 50.00
Cr Cash 50.00
May 31
Dr Accounts Payable 27.00
Cr Cash 27.00
May 31
Dr Misc Expense 40.00
Cr Cash 40.00
