7. Bank Reconciliation as of

Summary: This is an example of the reconciliation of the company's bank account as pertains to the sample in the text. It states:

Date: January 31, 20--
Closing balance shown on bank statement: 1,458.12
Add deposits not credited:
1/28: 701.33
1/31: 516.08
TOTAL DEPOSITS NOT CREDITED: 1,217.41
Subtotal: 2,675.53
Subtract outstanding checks:
Number 90: 66.70
91: 9.80
94: 150.00
95: 300.00
TOTAL OUTSTANDING CHECKS: 526.50
Adjusted balance per bank statement: 2,149.03
Balance shown in checkbook: 2,153.03
Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference): 6.00
Subtotal: 2,159.03
Subtract: Bank service charge: 10.00
Adjusted checkbook balance: 2,149.03