Checking account reconciliation.Use Worksheet 4.1. Nicolas Cruz has a NOW account at the Second National Bank. His checkbook ledger lists the following checks:
|
Check Number |
Amount |
Check Number |
Amount |
Check Number |
Amount |
|
654 |
206.05 |
672 |
24.90 |
678 |
38.04 |
|
658 |
55.22 |
673 |
32.45 |
679 |
97.99 |
|
662 |
103.00 |
674 |
44.50 |
680 |
486.70 |
|
668 |
99.00 |
675 |
30.00 |
681 |
43.50 |
|
670 |
6.10 |
676 |
30.00 |
682 |
75.00 |
|
671 |
50.25 |
677 |
111.23 |
683 |
98.50 |
Nicolas also made the following withdrawals and deposits at an ATM near his home:
|
Date |
Amount |
Transaction |
|
11/1 |
$50.00 |
Withdrawal |
|
11/2 |
525.60 |
Deposit |
|
11/6 |
100.00 |
Deposit |
|
11/14 |
75.00 |
Withdrawal |
|
11/21 |
525.60 |
Deposit |
|
11/24 |
150.00 |
Withdrawal |
|
11/27 |
225.00 |
Withdrawal |
|
11/30 |
400.00 |
Deposit |
Nicolas’s checkbook ledger shows an ending balance of $286.54. He has just received his bank statement for the month of November. It shows an ending balance of $622.44; it also shows that he earned interest for November of $3.28, had a check service charge of $8 for the month, and had another $12 charge for a returned check. His bank statement indicates the following checks have cleared: 654, 662, 672, 674, 675, 676, 677, 678, 679, and 681. ATM withdrawals on 11/1 and 11/14 and deposits on 11/2 and 11/6 have cleared; no other checks or ATM activities are listed on his statement, so anything remaining should be treated as outstanding. Use a checking account reconciliation form like the one in Worksheet 4.1 to reconcile Carlos’s checking account.
