BANK RECONCILIATION ABC company has bank balance on Dec 31, 2016 is S37,140, and the book balance at the year-end is $32,500. The other information are as followings: a. Checks outstanding totaled$3,620.00 b. A deposit of $4,496.00 had been made too late to appear on the bank statement. c. A check written by AJK Co. (cashed for $1,233 had been incorrectly recorded by the company as $233. d. The bank collected $4,541.00 on a note left for collection. ONo interest was included in paymentby the customer.) e. Bank service charges for December is $25. Q1: Please work on bank reconciliation for the year end of 2016 below ABC Company Bank Reconciliation December 31, 2016 Cash balance 1231/16 per book $32,500 Cash balance 1231 16Ber bank S32140 Add Add Subtract: Subtract Adjusted cash balance per book: Adjusted cash balance per bank: Q2: Adjusted journal entries to bank reconciliation Ref No. Account Name Debit Credit 23: What is your cash balance reported to the financial statement Show transcribed image text BANK RECONCILIATION ABC company has bank balance on Dec 31, 2016 is S37,140, and the book balance at the year-end is $32,500. The other information are as followings: a. Checks outstanding totaled$3,620.00 b. A deposit of $4,496.00 had been made too late to appear on the bank statement. c. A check written by AJK Co. (cashed for $1,233 had been incorrectly recorded by the company as $233. d. The bank collected $4,541.00 on a note left for collection. ONo interest was included in paymentby the customer.) e. Bank service charges for December is $25. Q1: Please work on bank reconciliation for the year end of 2016 below ABC Company Bank Reconciliation December 31, 2016 Cash balance 1231/16 per book $32,500 Cash balance 1231 16Ber bank S32140 Add Add Subtract: Subtract Adjusted cash balance per book: Adjusted cash balance per bank: Q2: Adjusted journal entries to bank reconciliation Ref No. Account Name Debit Credit 23: What is your cash balance reported to the financial statement
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