Chapter Thirteen: Bank Reconciliation/Cash Controls Worksheet It is the end of the fiscal year and Rae Makhan Industries needs to reconcile its company books. Use the following events to complete the worksheet below 1. The closing balance for the bank statement is $438.294 2. The closing balance of the book is $482.000 3. Check No. 682 for $425 and Check No, 683 for $681 was outstanding in October 4. Check No. 683 for $681, Check No. 712 for $1,358, and Check No. 720 for $528 was outstanding in November 5. Check No. 733 for $821 and Check No. 772 for $918 was not remitted in December along with all previously outstanding checks 6. Check No. 682 was cancelled. 7. Check No. 758 for $823 was cancelled 8. Check No. 733 was incorrectly written for $1,865 when the bill was actually $1,685. The vendor only took the correct amount for the bill. 9. The financial institution collected $7,832 of company outstanding debts for RaeMaKhan. It charged the company $783 for the service. This transaction was not recorded 10. The bank charged bank services of 1% of closing bank balance 11. Check No. 492 received from Bankrupt Bank had insufficient funds. The check was for $25,000 and RaeMaKhan's bank charged a NSF fee of $35. 293 2014 Chapter Thirteen: Bank Reconciliation/Cash Controls 12. The accountants deposited a $25,463 receipt in the bank after the bank's cutoff time for daily deposits. The deposit was made December 31, 2015 294 2014 RaeMaRhan Industries Bank Reconciliation 12/31/2015 Account Description Prepared By Date Bank Account Number Reviewed By Date Balance Per Bank Statement Balance Per General Ledger Add: Add: Subtract: Subtract 297