charges and credits in the bank statement has been recorded on the books. Also, no checks are outstanding that were issued before

December $28,$ Year $1.$

Compile a list of comments to correct the reconciliation. To prepare the list, click on the underlined text below and select the needed

correction, if any, from the list provided. If the underlined text is already correct in the context of the document, select $[$Original Text$]$

from the list. If removal of the entire underlined text is the best revision to the document as a whole, select $[$Delete Text$]$ from the list

when that option is available.

Giant Corp.

Cash Reconciliation

December $31,$ Year $1$

Description

Balance per company books, December $31$

Additions:

Customer check $($NSF$)$

Deductions:

Customer check $($NSF$)$

Outstanding checks

Bank collection fee

Correct cash balance

Amount

$$447,866$

Balance per bank statement, December $31$

Additions:

$28,667$ Deposit in transit

Deductions:

$4,200$

Outstanding checks

$33,067$

$40$

Bank collection fee

$$439,226$ Adjusted bank balance

Amount

$$331,298$

$167,000$

$33,067$

$45$

$$465,186$

Review of Bank Reconciliation

The correct adjustments to the book and cash balance in the reconciliation are described below.

Addition to the balance per company books should be:

Deductions from balance per company books should be:

Customer check $($NSF$)$ of $$4,200$

Outstanding checks of $$33,067$