Preparing a bank reconciliation statement.
On October 5, Sam Yao, Attorney at Law, received his September bank statement from First Security National Bank. Enclosed with the bank statement was a debit memorandum for $112 that covered an NSF check issued by Julia Anderson, a credit customer. The firm’s checkbook contained the following information about deposits made and checks issued during September. The balance of the Cash account and the checkbooks on September 30 was $16,622.
Date Transactions
Sept. 1 Balance $13,000
1 Check 124 200
3 Check 125 20
3 Deposit 1,000
6 Check 126 450
10 Deposit 820
11 Check 127 400
15 Check 128 150
21 Check 129 120
22 Deposit 1,460
25 Check 130 8
25 Check 131 40
27 Check 132 70
28 Deposit 1,800
FIRST SECURITY NATIONAL BANK
Sam Yao, Attorney-at-Law
2222 Sam Houston Lane
Columbus, OH 44106
Account No. 11-4568.03
Period Ending Sept. 30
CHECKS DEPOSITS DATE BALANCE
Beginning Balance August 31 13,000.00
1,000.00+ September 3 14,000.00
200.00- September 6 13,800.00
400.00- 20.00- 820.00+ September 11 14,200.00
450.00- September 15 13,750.00
120.00- September 19 13,630.00
1,460.00+ September 23 15,090.00
40.00- 8.00- September 25 15,042.00
7.50- SC 112.00- DM September 28 14,922.50
Instructions:
(a) Prepare a bank reconciliation statement for the firm as of September 30.
