BULACAN COMPANY

Bank Reconciliation Statement

30-Jun-21

Unadjusted Balance per bank 249,223.00

Book debits not yet credited by the

Add: bank (undeposited collections) 29,405.40
Book credits not yet debited by the
Less: bank (outstanding checks) 10,132.40
Adjusted bank balance 268,496.00

Unadjusted balance per books 248,758.80

Bank credits not yet debited by the

company (proceeds of note
Add: collected by bank) 24,240.00

Bank debits not yet credited by the

company (service charges for the
month of December, NSF checks
Less returned in December) 3,062.80
Error 1,440.00
Adjusted book balance 268,496.00
Adjusting Journal Entries
Note Collected
1. Cash in Bank 24,240 Prepared by:
Notes Receivable 24,000.00 Corrected by:
Interest Income 240.00

NSF Check
2. Accounts Receivable 2,762.80 Prepared by:
Cash in Bank 2,762.80

Bank Service Charge

3. Bank Service Charge 300 Prepared by:
Cash in Bank 300.00

Book Error
4. Accounts Payable 1,440 Prepared by:
Cash in Bank 1,440.00
Ira Shalini M. Ybañez, CPA
Nanz Yuan Castro, CPA

Ira Shalini M. Ybañez, CPA

Ira Shalini M. Ybañez, CPA

Ira Shalini M. Ybañez, CPA