I need assistance with a bank reconciliation, to check my work. I have included the instructions and the answer area. Thanks.

The cash account for Stone Systems at July 31, 2016, indicated a balance of $17,750. The bank statement indicated a balance of $33,650 on July 31, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items:

A.

Checks outstanding totaled $17,865.

B.

A deposit of $9,150, representing receipts of July 31, had been made too late to appear on the bank statement.

C.

The bank had collected $6,095 on a note left for collection. The face of the note was $5,750.

D.

A check for $390 returned with the statement had been incorrectly recorded by Stone Systems as $930. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account.

E.

A check drawn for $1,810 had been incorrectly charged by the bank as $1,180.

F.

Bank service charges for July amounted to $80.

STONE SYSTEMS

Bank Reconciliation

July 31, 2016

1	Cash balance according to bank statement
2
3
4
5
6	Adjusted balance
7
8	Cash balance according to companys records
9
10
11
12
13	Adjusted balance