• The following company checks were outstanding at the end of June:
• #862 $ 96.19

#864 147.18

#865 263.25

Check #843, written for $91.20 in payment of an account payable and included with the canceled checks in the bank statement, was erroneously recorded as $19.20 in the company's records.

Bank Reconciliation June 30,2016 Cash balance per bank statement Add: Deposit in transit Checks on hand Subtotal Deduct: Outstanding checks #862#864#865 Adjusted cash balance Cash balance per books Add: Note collected by bank Interest on note Subtotal Deduct: NSF check returned Service charge Error on check 843 Adjusted cash balance Svendsen, Inc. Bank Reconcillation November 30, 2013 Balance per bank statement, November 30, 2013 Add: Deposits in transit Charge for interest made to depositor's account by bank in error. Deduct outstanding checks: No, 1125 No, 1138 No, 1152 No, 1154 No, 1155 Corrected bank balance. Balance per books, November 30, 2013. Add: Interest eamed during November Check No, 1116 to Ace Advertising for $46 recorded by depositor as $64 in error Deduct: Bank service charges $3.16 Customer's check deposited November 25 and retumed marked NSF Corrected book balance. - The following example shows the preparation of a bank reconciliation and the required adjusting entries for the Craig Corporation for 6/30/16. The unadjusted cash balances are as follows: - Cash balance from bank statement, June 30$12,461.15 - Cash balance from company records, June 30 - $12,437.94 - The bank statement disclosed the following information: - A customer note for $1,200 plus $12 interest was collected on June 29. - A customer check for $138.14 was returned because of insufficient funds (NSF check). - The monthly service charge was $15. - A review of the company records disclosed the following: - A deposit for $1,142.87 at the end of the day on June 30 did not appear on the bank statement. - Customer checks totaling $327.40 were on hand at the end of June awaiting deposit