7. Bank Reconciliation as of 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: 701.331/31: 516.08 TOTAL DEPOSITS NOT CREDITED: 1,217.41 Subtotal: 2,675.53Subtract outstanding checks:Number 90: 66.7091: 9.8094: 150.0095: 300.00 TOTAL OUTSTANDING CHECKS: 526.50 Adjusted balance per bank statement: 2,149.03Balance shown in checkbook: 2,153.03 Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference): 6.00Subtotal: 2,159.03Subtract: Bank service charge: 10.00 Adjusted checkbook balance: 2,149.03
