Lesson05 2g
Download as PPT, PDF0 likes633 views
The document discusses bank reconciliation and how to record bank service charges. It explains how to reconcile a bank statement by comparing the bank statement balance to the adjusted check stub balance. It also provides instructions on how to record a bank service charge on the check stub and how to journalize the bank service charge transaction, including writing the date, account titles debited and credited, and source document number.
1 of 6
Download to read offline
More Related Content
Viewers also liked (20)
Ad
Similar to Lesson05 2g (20)
Ad
More from pcomo (20)
Lesson05 2g
- 1. LESSON 5-2 Bank Reconciliation
- 2. BANK STATEMENT page 124
- 3. BANK STATEMENT RECONCILIATION 5. Bank Statement Balance 1 2 3 4 5 6 7 8 9 9. Adjusted Bank Balance page 125 2. Check Stub Balance 10. Compare Adjusted Balances 1. Date 3. Service Charge 4. Adjusted Check Stub Balance 6. Outstanding Deposits 7. Subtotal 8. Outstanding Checks 10
- 4. RECORDING A BANK SERVICE CHARGE ON A CHECK STUB 1. Write Service Charge $8.00 on the check stub under the heading “Other.” page 126 1 2 3 2. Write the amount of the service charge in the amount column. 3. Calculate and record the new subtotal on the Subtotal line.
- 5. JOURNALIZING A BANK SERVICE CHARGE 1. Write the date. page 127 1 4 August 31. Received bank statement showing August bank service charge, $8.00. Memorandum No. 3. 2. Write the title of the account debited. Record the debit amount. 3. Write the title of the account credited. Record the credit amount. 4. Write the source document number in the Doc. No. column. 2 3
- 6. TERM REVIEW bank statement page 128