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    socialight's Avatar
    socialight Posts: 5, Reputation: 1
    New Member
     
    #1

    Nov 27, 2007, 01:41 PM
    Bank reconciliation
    Wanting help because my reconcilitaion isn't matching:
    Kortwright indiacates a balance of 9000.2 on October 30 and after the journals had been posted the cash had a balance of 4677.1, please reconcile by the following:
    1. cash sale of 342 had been wrong ly recorded as 324
    2 depoits in transits not received yet of 700.00
    3 bank debit memo for service charge of 30.
    4. bank credit memo for note collected 2050, including 50 interest
    5 bank debit memo for 207.40NSF check for custoemr
    6 outstanding checks 3192.50

    I have cr 9000.2 for beginning balace and then 700.00 for deposit in route and then I have 3192. Outstand checks and 18. In erro on debits leaves 6490.20
    Then cash 4667.10
    30 debit and 2050.00 debit now I am confused with what I have help??
    qcmar24's Avatar
    qcmar24 Posts: 65, Reputation: 3
    Junior Member
     
    #2

    Nov 27, 2007, 02:21 PM
    Quote Originally Posted by socialight
    wanting help becasue my reconcilitaion isn't matching:
    kortwright indiacates a balance of 9000.2 on october 30 and after the journals had been posted the cash had a balance of 4677.1, please reconcile by the following:
    1. cash sale of 342 had been wrong ly recorded as 324
    2 depoits in transits not received yet of 700.00
    3 bank debit memo for service charge of 30.
    4. bank credit memo for note collected 2050, including 50 interest
    5 bank debit memo for 207.40NSF check for custoemr
    6 outstanding checks 3192.50

    i have cr 9000.2 for beginning balace and then 700.00 for deposit in route and then i have 3192. outstand checks and 18. in erro on debits leaves 6490.20
    then cash 4667.10
    30 debit and 2050.00 debit now i am confused with what i have help???????
    Ok This what you need to do
    Bank balance... $9,000.2... Book balance... $4,677.1
    Add... Add
    Deposit on transit... 700... Sale wrongly record.. 18
    ... Note collected... 2,000
    ... Interest revenue... 50
    ... $9,700.2... $6,745.1
    Deduct... Deduct
    Outstanding checks... 3,192.5... Service charges... 30
    ... NSF Check... 207.4
    Balance after adjustments... $6,507.7... Balance aft. Adjust... $6,507.7

    Hope that after seeing the answer everything will be clear to you

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