business HW

Total:Total:

Customer _____________ Bank Reconciliation as of ________________

Ending Bank Statement Balance:Ending Checkbook Register Balance:

Amount Additions:Amount Additions:

Deposits in transit Interest

Other _________ Other _________

Other _________ Other _________

Other _________ Other _________

Total Additions:Total Additions:

Subtotal:Subtotal:

Amount Deductions:Amount Deductions:

Outstanding checks Bank service charge

Other _________ Other _________

Other _________ Other _________

Other _________ Other _________

Other _________ Other _________

Total Deductions:Total Deductions:

Reconciled balance:Reconciled balance:

Deposits in TransitChecks Outstanding AmountDeposit & dateAmountCheck number & date

Record cleared checks. Place a check mark (�) next to checks that have cleared.1)

Identify outstanding checks. (Those are the checks without the check marks!)2)

Write the outstanding checks in the area above labeled [Checks Outstanding].

Record deposits confirmed. Place a check mark next to the deposits that have been confirmed.3)

Identify deposits in transit. (Those are the deposits without the check marks!)4)

Write the deposits in transit in the area above labeled [Deposits in Transit].

In practice, it is rare that you will have deposits that have not been confirmed.

Look for transactions that were accidentally left out of the check register!5)

(These are the items that will sometimes make it difficult to reconcile.)

Reconcile!6)

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