Reference no: EM132471593

Question 1: What are the steps for doing a bank reconciliation with the information below?

Point 1: Cash per the unadjusted trial balance is $12,675.

Point 2: Cash balance per the bank statement is $12,780.

Point 3: Check #115 has not cleared the bank. It was written for $645.

Point 4: A deposit of $1,000 cleared the bank but was not recorded in the general ledger.

Point 5: A check for $250 was found in the owner's desk drawer.

Point 6: A deposit of $1,250 was taken to the bank after 2 p.m. on December 31, 2008 and was not posted by the bank until January 1, 2009.

Point 7: Errors were noted in the following checks:

Point 8: Check #121 was recorded for $325 but cleared the bank as $320.

Point 9: Check #125 was recorded for $585 but cleared the bank as $600.

Point 10: Bank service charge reported on the bank statement $30.00