Saved Chapter Six - Homework 1. Prepare a bank reconciliation using a company's bank statement and cash account. 7 ? - X Preparing a bank reconciliation - Excel FORMULAS DATA REVIEW FILE VIEW Sign in INSERT PAGE LAYOUT HOME 10 points Calibri -A A % Cells Editing Paste BIU Skipped Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font eBook The June bank statement and the cash T-account for Superior Printing Company is Print F References B D E 1 The June bank statement and the cash T-account for Superior Printing Company is shown below. 2 3 BANK STATEMENT 4 Date Checks Deposits Other 5 June 1 6 3 440 7 4 1,200 8 500 9 10 1.200 10 13 10,000 20 80 NSF 840 12 22 9,800 35.000 13 26 350 14 27 4.600 Balance 18,500 18,060 16,860 16,360 15,160 24.910 23,990 49.190 48.840 44.240 250 The June bank statement and the cash T-account for Superior Printing Company is B D E 29 30 17.000 15 16 F 60,540 59,570 700 920 50 Serv. Charge Interest Earned 17 30 600 30 59,000 18 19 20 21 22 23 June 1 Bal. June 13 deposit June 22 deposit June 29 deposit June 30 deposit Cash 18,500 10,000 35,000 17,000 28,000 25 26 27 28 29 30 31 32 33 34 440 Check #100 1,200 Check #101 500 Check #102 1,200 Check #103 250 Check #104 80 Check #105 9,800 Check #106 350 Check #107 4,600 Check #108 770 Check #109 4.900 Check #110 700 Check #111 920 Check #112 600 Check #113 A1 : The June bank statement and the cash T-account for Superior Printing Company is F B D E 39 Additional information: 40 There were no deposits in transit or outstanding checks at May 31. 41 Note: Columns Cand F must be entered as positive values. In columns B & E, use cell references 42 to the appropriate items from the list below. List "Deductions" in chronological order (earliest item first). 43 Bank Error NSF Check 44 Deposits in Transit Outstanding Checks 45 EFT from Customer Recording Error 46 Interest Earned Service Charge 47 48 SUPERIOR PRINTING COMPANY 49 Bank Reconciliation 50 At June 30 51 Updates to Bank Statement Updates to Company's Books 52 Bank statement balance Book balance 53 Additions: Additions: 54 55 Deductions: Deductions: 56 57 58 Adjusted bank balance Adjusted book balance 59