Accounting121
Excel SIM: Preparing a bank reconciliation. 1. Prepare a bank reconciliation using a company's bank statement and cash account. rences X All answers must be entered as a formula. Click OK to begin. OKPreparing a bank reconciliation. - Excel X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW Sign In Calibri 11 Paste BIU- - A - Alignment Number Conditional Format as Cel Editing Formatting Table - Styles Clipboard Font Styles A1 The June bank statement and the cash T-account for Superior Printing Company is ~ A C D E The June bank statement and the cash T-account for Superior Printing Company is shown below. BANK STATEMENT Date Checks Deposits Other Balance June 1 18,500 440 18,060 1,200 16.860 500 16,360 10 1,200 15,160 10 13 250 10,000 24,910 11 20 80 NSF 840 23,990 22 9,800 35,000 12 49. 190 13 26 350 48,840 14 27 4,600 44, 240 29 700 17,000 15 60.540 920 Serv. Charge 16 30 50 59,570 Interest 30 600 Earned 30 17 59,000 18 Cash 19 June 1 Bal. 18,500 20 June 13 deposit 10,000 440 Check # 100 21 June 22 deposit 35,000 1,200 Check # 101 22 June 29 deposit 17,000 500 Check # 102 23 Sheet 1 ...+ READY 100% Attempt(s) Hint Show MePreparing a bank reconciliation. - Exce FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 - A A Paste BIU - E. . A - Alignment Number Conditional Format as Cel Cells Eat Editing Formatting Table - Styles - Font ty es A1 The June bank statement and the cash T-account for Superior Printing Company is B C D 18 19 Cash 20 June 1 Bal. 18,500 21 June 13 deposit 10,000 440 Check #100 22 June 22 deposit 35,000 1,200 Check #101 23 June 29 deposit 17,000 500 Check # 102 24 June 30 deposit 28,000 1,200 Check #103 25 250 Check #104 26 80 Check # 105 27 9,800 Check #106 28 350 Check #107 29 4,600 Check #108 30 770 Check #109 31 4,900 Check #110 700 32 Check #111 33 920 Check #112 600 Check #113 34 82,190 35 June 30 Bal. 36 37 Required: 38 Prepare a bank reconciliation for June using the bank statement and T-account above and the information below. 39 Additional information: 40 There were no deposits in transit or outstanding checks at May 31. 41 Note: Columns C and F must be entered as positive values. In columns B & E, use cell references ... Sheet 1 ... + + 100% READY Attempt(s)Preparing a bank reconciliation. - Excel ? 0 - 5X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibr - 11 - A A % Paste B I - A - Alignment Number Conditional Format as Cell Cells Editing Formatting " Table - Font Styles A1 The June bank statement and the cash T-account for Superior Printing Company is ' 37 Required: 38 Prepare a bank reconciliation for June using the bank statement and T-account above and the information below. 39 Additional information: 40 There were no deposits in transit or outstanding checks at May 31. 41 Note: Columns C and F must be entered as positive values. In columns B & E, use cell references 42 to the appropriate items from the list below. List "Deductions" in chronological order (earliest item first). 43 Bank Error NSF Check 44 Deposits in Transit Outstanding Checks 45 EFT from Customer Recording Error 46 Interest Earned Service Charge 47 48 SUPERIOR PRINTING COMPANY 49 Bank Reconciliation 50 At June 30 51 Updates to Bank Statement Updates to Company's Books 52 Bank statement balance Book balance 53 Additions: Additions: 54 Deductions: 55 Deductions: 56 57 58 Adjusted bank balance Adjusted book balance 59 60 ... Sheet 1 ... + READY -+ 100% Attempt(s)
