1.

The statement included a debit memo of $49.00 for the printing of additional company checks.

2.

Cash sales of $734.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $784.00. The bank credited Reber Company for the correct amount.

3.

Outstanding checks at May 31 totaled $1,000.25. Deposits in transit were $2,831.15.

4.

On May 18, the company issued check No. 1181 for $673 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $637.

5.

A $3,415.00 note receivable was collected by the bank for Reber Company on May 31 plus $89.00 interest. The bank charged a collection fee of $29.00. No interest has been accrued on the note.

6.

Included with the cancelled checks was a check issued by Stiner Company to Ted Cress for $1,215.00 that was incorrectly charged to Reber Company by the bank.

7.

On May 31, the bank statement showed an NSF charge of $671.00 for a check issued by Sue Allison, a customer, to Reber Company on account.

REBER COMPANY
Bank Reconciliation
May 31, 2014

 Deposit in transitError in May 12 depositCheck printing chargeCash balance per bank statementBank error—Stiner checkOutstanding checksError in recording check No. 1181Adjusted cash balance per bankNSF checkCollection of note receivable

$

AddLess:

    Collection of note receivable    Outstanding checks    NSF check    Error in May 12 deposit    Error in recording check No. 1181    Adjusted cash balance per bank    Cash balance per bank statement    Check printing charge    Deposit in transit    Bank error—Stiner check    

$

    Bank error—Stiner check    Outstanding checks    Deposit in transit    Adjusted cash balance per bank    Collection of note receivable    NSF check    Error in May 12 deposit    Cash balance per bank statement    Error in recording check No. 1181    Check printing charge    

AddLess:

Bank error—Stiner checkNSF checkError in May 12 depositCash balance per bank statementError in recording check No. 1181Adjusted cash balance per bankCheck printing chargeOutstanding checksDeposit in transitCollection of note receivable

 Adjusted cash balance per bankBank error—Stiner checkNSF checkError in May 12 depositCheck printing chargeCash balance per bank statementCollection of note receivableError in recording check No. 1181Deposit in transitOutstanding checks

$

Collection of note receivableDeposit in transitError in recording check No. 1181Bank error—Stiner checkCash balance per booksOutstanding checksNSF checkCheck printing chargeAdjusted cash balance per booksError in May 12 deposit

$

AddLess:

Error in May 12 depositCheck printing chargeAdjusted cash balance per booksOutstanding checksDeposit in transitError in recording check No. 1181Bank error—Stiner checkCash balance per booksCollection of note receivableNSF check

LessAdd:

    Error in May 12 deposit    Adjusted cash balance per books    NSF check    Error in recording check No. 1181    Check printing charge    Deposit in transit    Outstanding checks    Bank error—Stiner check    Cash balance per books    Collection of note receivable    

$

    Adjusted cash balance per books    Error in recording check No. 1181    Cash balance per books    Check printing charge    Deposit in transit    Bank error—Stiner check    Outstanding checks    Collection of note receivable    NSF check    Error in May 12 deposit    

    NSF check    Deposit in transit    Outstanding checks    Bank error—Stiner check    Collection of note receivable    Error in recording check No. 1181    Adjusted cash balance per books    Error in May 12 deposit    Check printing charge    Cash balance per books    

    Error in recording check No. 1181    Bank error—Stiner check    Adjusted cash balance per books    Cash balance per books    Deposit in transit    Outstanding checks    Collection of note receivable    NSF check    Error in May 12 deposit    Check printing charge    

 NSF checkAdjusted cash balance per booksError in May 12 depositCheck printing chargeDeposit in transitBank error—Stiner checkOutstanding checksCollection of note receivableError in recording check No. 1181Cash balance per books

No.

Account Titles and Explanation

Debit

Credit

1.

(To record note receivable.)

2.

(To record NSF check.)

3.

(To record error in deposit.)

4.

(To record error on check.)

5.

(To record check printing charge.)