Topic: Bank Reconciliations 1. Use the following information to prepare a bank reconciliation for Finch Company at August 31, 2016 (1) Cash account balance, August 31, $20,670.60 (2) Bank statement balance, August 31, $24,761.00 (3) Deposits in transit, $1,920.00 (4) Outstanding checks, August 31, $6,380.40 (5) Service charge on bank statement not recorded in books, $50.00 (6) Bank error - another company's check charged on Finch Company's bank statement, $500.00 Check for repairs expense, $1,340.00, incorrectly recorded in books as $1,520.00 (7) 2. The following information was used in reconciling the bank account for Maude Company on October 31 Balance per bank, October 31 Insufficient funds check Outstanding checks Utility bill paid by bank Check printing charge Deposits in transit Balance per books, October 31 536,640 1,400 1,800 1,240 80 2,440 40,000 Calculate the Adjusted Book Balance on October 31