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Bank Reconciliation for Helpless Company

This bank reconciliation document summarizes the balances according to the bank statement and books for Helpless Company. It lists deposits in transit, outstanding checks, bank errors, and adjustments to notes receivable, accounts receivable, and bank service charges to calculate an adjusted balance of ₱570,832.20 that matches between the bank statement and books.

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Enitsuj Eam Eugarbal
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44 views2 pages

Bank Reconciliation for Helpless Company

This bank reconciliation document summarizes the balances according to the bank statement and books for Helpless Company. It lists deposits in transit, outstanding checks, bank errors, and adjustments to notes receivable, accounts receivable, and bank service charges to calculate an adjusted balance of ₱570,832.20 that matches between the bank statement and books.

Uploaded by

Enitsuj Eam Eugarbal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Labrague, Justine Mae C.

BSA 2

Bank Reconciliation
Helpless Company
Bank Reconciliation

Balance per Bank Statement ₱ 635,981.49

Addition by Depositor not on Bank Statement:


Deposit in Transit Oct. 28 40,770.96

Deduction by Depositor not on Bank Statement:


Outstanding Check 749.00 -18,882.96
761.00 -40,998.39
764.00 -11,970.00
765.00 -35,094.90

Bank Errors:
Understated chk no. 758 1,026.00

Adjusted Balance ₱ 570,832.20

Balance per Books: ₱ 491,727.60

Addition by Depositor not on Bank Statement:


Notes Receivable: Principal 79,800.00
Interest 3,420.00 83,220.00

Deduction by Depositor not on Bank Statement:


No Sufficient Fund -3,659.40
Service Charge -456.00

Bank Errors:

Adjusted Balance ₱ 570,832.20

Difference Between Adjusted Balances ₱ -


Adjustin Entries:
a. Cash in Bank 83,220.00
Notes Receivable 83,220.00
to record note collected

b. Accounts Receivable 3,659.40


Cash in Bank 3,659.40
to record deffective check (NSF)

c. Bank Service Charge 456.00


Cash in Bank 456.00
to record service charge

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