Bank Reconciliation

Below preceded by identifying letters are seven items that would cause Xavier Sales Company's book balance of cash to differ from its bank statement balance.

a. A service charge made by the bank.

b. A check listed as outstanding on the previous month's reconciliation and that is still outstanding.

c. A customer's check returned by the bank marked "Not Sufficient Funds."

d. A deposit consisting solely of checks which was mailed to the bank on the last day of November and is unrecorded on the November bank statement.

e. Check number 420 was recorded in the Check Register and on the companies books for $109; the check was actually written for $190. When the check cleared the bank, Xaviers Sales bank account was charged (debited) for the $190.

f. An unrecorded credit memorandum indicating the bank had collected a note receivable for Xavier Sales Company and deposited the proceeds in the company's account.

g. A check written during November has not yet cleared the bank.

REQUIRED:

Indicate where each item would appear on Xavier Sales Company's bank reconciliation by placing its identifying letter in the parentheses in the proper section of the form below.

XAVIER SALES COMPANY

Bank Reconciliation, November 30, 2017

Bank Statement Balance Book Balance of Cash

Add: Add:

( ) ( )

( ) ( )

( ) ( )

Deduct: Deduct:

( ) ( )

( ) ( )

( ) ( )

Reconciled Balance..... Reconciled Balance.....

Certain of the above items require entries on the books of Xavier Sales Company. List in the parentheses below the identifying letters of these items.

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