=+THE RECONCILEMENT OF THIS STATEMENT WITH YOUR RECORDS IS ESSENTIAL.

ANY ERROR OR EXCEPTION SHOULD BE REPORTED IMMEDIATELY.

Chapter 8 Sarbanes-Oxley, Internal Control, and Cash 393 BANK RECONCILIATION FOR PRECEDING MONTH:

Reydell Furniture Company Bank Reconciliation May 31, 20—

Cash balance according to bank statement. . . . . . . . . . . . . . . . . . $ 9,447.20 Add deposit for May 31, not recorded by bank . . . . . . . . . . . . . . . 690.25 __________

$10,137.45 Deduct outstanding checks:

No. 731 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $162.15 736 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 345.95 738 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251.40 739 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.55 820.05 ______ __________ Adjusted balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,317.40 __________ __________ Cash balance according to company’s records . . . . . . . . . . . . . . . $ 9,352.50 Deduct service charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.10 __________ Adjusted balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,317.40 __________ __________ Instructions 1. Prepare a bank reconciliation as of June 30. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable.