Bank Reconciliation, December 31,2011
balance per ledger December 31, 2011 27253.85
add:
cash receipts received on the last day of December and charged to "cash in bank" on books but not deposited $3715.27
debit memo for customers check returned unpaid (check is on hand but no entry has been made on the books) $450.00
debit memo for bank service charge for December $35.00
Deduct:
checks drawn but not paid b bank (see detailed list below) $3295.15 I BELIEVE THIS NUMBER IS WRONG
credit memo for proceeds of a note receivable that had been left at the bank for collection but which has not been recorded as collected $1200.00
checks for an account payable entered on books as $297.50 but drawn and paid by bank as $694.50
computed balance $26561.97
unlocated difference $416.44
Balance per bank (checked to confirmation) $26978.41
Checks drawn but not paid by bank
no 573 $267.22
no 724 $39.92
no 903 $454.67
no907 $291.80
no 911 $648.29
no913 $737.52
no914 $529.10
no916 $36.00
no917 $117.26
total $3295.15 I believe this total is wrong!!!
A Prepare a corrected reconciliation
B Prepare journal entries for items that should be adjusted prior to closing the books