Bank Reconciliation

20. Bank reconciliation. Set up account 1080 for account reconciliation. Use the following linked accounts. Create new accounts if necessary. Income: Interest 4280 Revenue from Interest Expensel: Bank Charges 5010 Bank & Credit Card Fees Expense2: NSF fee 5010 Bank & Credit Card Fees Adjustment: 5005 Reconciliation Adjustments Reconcile the account using April 1 start date and April 15 as the statement end date and the reconciliation date. There are two outstanding prior transactions Source Description Date Amount 606 Deposit slip Mar 29 Deposit $2 600 431 Skin Decals, Inc. Mar 30 Payment $1 800 (Hint: after adding the first outstanding transaction, click Insert Outstanding again to access a new transaction line.) Use the following bank statement details to complete the reconciliation. Mar. 15 Withdrawals deposits balance Balance forward 23 330.00 Mar. 29 Deposit 606 Mar. 30 2 600.00 Cheque 431 1 800.00 Apr. 1 Interest on account 15.00 Apr. 1 Cheque 432 2 373.00 Apr. 4 Cheque 433 3 679.80 Apr. 8 Deposit 607 3 157.00 Apr. 8 Payroll transfer Ref #68 468.32 Apr. 15 Deposit 608 3 920.98 Apr. 15 Debit memo 600.00 Apr. 15 Transfer from 04328-476199 4000.00 Apr. 15 Transfer to 04328-59990 2 040.00 Apr. 15 Apr. 15 Payroll transfer Ref #69- 472.01 1626.99 Apr. 15 Payroll transfer Ref #70- Service fee 45.00 Apr. 15 Closing Balance 23 917.86