Power Networking Bank Reconciliation July 31, 2015 Step 1 Step 2 Step 3 Cash balance according to bank statement Add: Deposit in transit on July 31..... Deduct: Outstanding Check No. 812 .... Outstanding Check No. 878...... Outstanding Check No. 883.... Total deductions.... Adjusted balance...... $ 3,359.78 816.20 $1,061.00 435.39 48.60 (1.544.99) $ 2,630.99 Step 4 $ 2,549.99 408.00 Step 9 Step 5 Step 6 Step 7 $ 300.00 18.00 9.00 Cash balance according to Power Networking........ Add: Note and interest collected by bank ..... Deduct: Check returned because of insufficient funds Bank service charge........ Error in recording Check No. 879. Total deductions .... Adjusted balance. (327.00) $ 2,630.99 Step 8 - >