Question

Harrison Company's checkbook lists the following: (Click the icon to view the checkbook.) The June bank statement shows: E: (Click the icon to view the June bank statement.) Requirement 1. Prepare Harrison's bank reconciliation at June 30, 2019. (Include the balances at June 30 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Checkbook Bank statement F. L. Harrison's Bank Reconciliation June 30, 2019 Date 495 Check No. Item Balance Balance Check Deposit Bank: Add: Deposits 135 6/1 $ 495 No. Debit Checks: Amount 4 622 Two Sisters Catering $ 50 445 Add: $ 50 9 622 Dividends received $ 135 580 623 150 13 623 150 430 Less: City Tire Co. Jiffy Lube 14 82 * 624 68 624 362 Check No: 18 20 625 Cash 20 342 625 (302) 26 626 American Diabetes Association 75 267 Other charges 28 627 130 137 NSF check $ 25 Riverbend Apartments Paycheck 28 30 30 (55) 1,240 Service charge 1,377 $ 273 Balance Print Done *This is the correct amount for check number 624. Choose from any list or enter any number in the input fields and then click Check Answer. Print Done

Answer 1

Solution:

F.L. Harrison's
Bank Reconciliation
Balance as per Bank, June 30, 2019		273
Add:Deposit in transit		1240
Less: Outstanding checks
Check No. 626	75
Check No. 627	130	-205
Adjusted bank balance, June 30, 2019		1308
Balance as per Books, June 30, 2019		1377
Less:
Error in recording check no.624 [82-68]		-14
NSF returned		-25
Bank service charge		-30
Adjusted book balance		1308