Compare the list of checks paid by the bank with your records. List and total the checks not yet paid. Checks Outstanding (1) Enter new balance from bank statement: Number Amount (2) List any deposits made by you and not yet recorded by the bank: + (3) Add all numbers from lines above. Total: (4) Write total of checks outstanding: Total (5) Subtract (4) from (3) This is adjusted bank balance: To reconcile your records: (6) List your checkbook balance: (7) Write the total of any fees or charges deducted by the bank and not yet subtracted by you from your checkbook: (8) Subtract line (7) from line (6): (9) Enter interest credit: (Add to your checkbook) (10) Add line (9) to line (8). Adjusted checkbook balance: New balance of your account; this number should be same as (5). 112 Bank Services - Test Form A Unique Cards and Gifts had the following credit-card transactions during a recent period. Sales Credits $47.82 $102.16 $42.31 $33.41 $152.80 $78.31 $52.87 $119.40 $17.45 $23.40 $271.82 $12.87 7. Find the total amount of credit card sales. 7. 8. 8. What is the total amount of the refunds? 9. Find the credit card sales less refunds. 9. 10. 10. Assuming that the bank charges the retailer a 5% fee, find the amount of the fee at the statement date. 11. 11. Find the amount of the credit given to Unique Cards and Gifts after the fee is subtracted. 12. Use the information in the following table to reconcile the checking account of Four Season Pool Care on the form that follows. Balance from bank statement Checks outstanding (check number is given first) 956 957 961 965 Deposits not yet recorded $4338.76 $ 147.29 $ 31.45 $ 62.99 $ 856.24 $ 274.19 $ 500.00 $ 74.85 9.70 $ 25.31 $4074.22 Bank charge Interest credit Checkbook balance Current balance Compare the list of checks paid by the bank with your records. List and total the checks not yet paid. Checks Outstanding (1) Enter new balance from bank statement: Number Amount (2) List any deposits made by you and not yet recorded by the bank: + (3) Add all numbers from lines above. Total: (4) Write total of checks outstanding: Total (5) Subtract (4) from (3) This is adjusted bank balance: To reconcile your records: (6) List your checkbook balance: (7) Write the total of any fees or charges deducted by the bank and not yet subtracted by you from your checkbook: (8) Subtract line (7) from line (6): (9) Enter interest credit: (Add to your checkbook) (10) Add line (9) to line (8). Adjusted checkbook balance: New balance of your account; this number should be same as (5). 112 Bank Services - Test Form A Unique Cards and Gifts had the following credit-card transactions during a recent period. Sales Credits $47.82 $102.16 $42.31 $33.41 $152.80 $78.31 $52.87 $119.40 $17.45 $23.40 $271.82 $12.87 7. Find the total amount of credit card sales. 7. 8. 8. What is the total amount of the refunds? 9. Find the credit card sales less refunds. 9. 10. 10. Assuming that the bank charges the retailer a 5% fee, find the amount of the fee at the statement date. 11. 11. Find the amount of the credit given to Unique Cards and Gifts after the fee is subtracted. 12. Use the information in the following table to reconcile the checking account of Four Season Pool Care on the form that follows. Balance from bank statement Checks outstanding (check number is given first) 956 957 961 965 Deposits not yet recorded $4338.76 $ 147.29 $ 31.45 $ 62.99 $ 856.24 $ 274.19 $ 500.00 $ 74.85 9.70 $ 25.31 $4074.22 Bank charge Interest credit Checkbook balance Current balance
