BANK RECONCILIATION Directions: You own The T-Shirt Factory and must reconcile your checking account each month with the bank statement. You received your monthly bank statement for February. Use the following information and the form below to reconcile your checking account. Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made but not yet recorded by the bank) 3/3 $550.00 3/4 $525.50 Bank service charge: $12.00 Interest earned on your account: $4.00 You have recorded all deposits in your checkbook Balance from checkbook Add deposits not recorded RECONCILIATION FORM Balance from bank statement Add outstanding deposits Total outstanding deposits Subtotal Deduct outstanding checks Total deposits not recorded Subtotal Deduct bank fees Total outstanding checks Balance less fees Adjusted bank balance Add interest earned Adjusted checkbook balance