Acct 101, SManjra
Chapter 7 Handout: The Bank Reconciliation Name: James Nguyen 01793696
Please watch the Bank Reconciliation video and view the Student Review Slides for
information to fill out for this handout.
Part 1: Reconcile Balance per Bank Statement to Correct Cash Balance
From Class Slides From Problem 7-3
Balance per Bank Stmt.
2,100
7690.80
+ Deposits in Transit
300
1193.30
– Outstanding Checks
100
8884.1
+/– Bank Errors
0
-1860.10
= Correct Cash Bal.
2,300
7024
Part 2: Reconcile Unadjusted Balance per Company’s Books to Correct Cash Balance
From Class Slides From Problem 7-3
Balance per Books
2,500
6140
+ EFT Received
200
1520
+ Interest Earned
20
7660
– Bank Service Charges
100
25
+/– Company Errors
= Correct Cash Balance
2,300
7024
