Need help with bank reconciliation?Hey guys i just need help answering this question, im having a few problems balancing. i keep being 3000 off balance any help will be appreciated After examining the bank records you determined that the bank balance per books (unadjusted) $ 24,844.00 debit balance and the balance per bank statement at year... | |
Answer:
Yup. You have to subtract all the Outstanding checks from the Bank Statement balance including the inventory and equipment purchases.
I think you have some missing data. According to my computation, your Adjusted balance per bank falls short by $3250 (Balance per book = $24844 and Adjusted balance per bank = $21594). There must be notes receivable collected by the bank or loans granted by the bank and other credit memorandums that must be added to your Balance per Book.
