1 Checks Outstanding as of end of May 2016

No checks outstanding as of end of May since the bank has recorded properly the disbursement of Tope.

2 Deposit in Transit as of end May 2016

No deposit in transit as of end of May since the bank has recorded properly the receipts of Malaya. However, the OR no. 4

3 Bank Reconciliation
Book Reconciling Items
Error in recording receipt from Jane 1,000
Credit Memo 5,000
Error in deducting disbursement 3,500
Error in recording disbursement -45
Interest earned 100
9,555
4 Bank Reconciliation
Unadjusted Book Balance 967
Add: Credit Memo
Interest earned 8
Notes Collected (Net) 960
Less: Debit Memo
4.2 Bank service charges -35
4.3 NSF -110
4.4 Check Printing -80
Add: Error in recording sales 9
Adjusted Book Balance 1,719

Unadjusted Bank Balance 3,490

Add: Deposit in Transit 1,450
Less: Outstanding Checks -3,221
Adjusted Bank Balance 1,719

5 Bank Reconciliation
Unadjusted Book Balance 11,589.45
Add: Credit Memo

Collection of Notes Receivable including

interest( net of collection fee) 1,035
Less: Debit Memo
NSF -425.6
Charge for Printing -30
Error in recording disbursement 36
Adjusted Book Balance 12,204.85

Unadjusted Bank Balance 15,907.45

Add: Deposit in transit 2,201.40
Less: Outstanding checks
No. 453 -3,000.00
No. 457 -1,401.30
No. 460 -1,502.70
Adjusted Bank Balance 12,204.85
sement of Tope.

of Malaya. However, the OR no. 4175 amounting to 3,200 is incorrectly dated by the bank.