LESSON 5-2
6
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 LESSON 5-2 Bank Reconciliation
description
LESSON 5-2. Bank Reconciliation. BANK STATEMENT. page 124. 10. BANK STATEMENT RECONCILIATION. page 125. 1.Date. 1. 2.Check Stub Balance. 2. 5. 3.Service Charge. 6. 4.Adjusted Check Stub Balance. 3. 7. 5.Bank Statement Balance. 6.Outstanding Deposits. 8. 4. 9. - PowerPoint PPT Presentation
Transcript of LESSON 5-2
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-2LESSON 5-2
Bank Reconciliation
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2
LESSON 5-2
BANK STATEMENTBANK STATEMENT page 124
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
3
LESSON 5-2
5.Bank Statement Balance
BANK STATEMENT RECONCILIATIONBANK STATEMENT RECONCILIATION
1122
33
44
55
66
77
88
99
9.Adjusted Bank Balance
page 125
2.Check Stub Balance
10. Compare Adjusted Balances
1.Date
3.Service Charge4.Adjusted Check Stub Balance
6.Outstanding Deposits7.Subtotal8.Outstanding Checks 1010
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
LESSON 5-2
1. Write Service Charge $8.00 on the check stub under the heading “Other.”
RECORDING A BANK SERVICE CHARGE RECORDING A BANK SERVICE CHARGE ON A CHECK STUBON A CHECK STUB page 126
11 22
33
2. Write the amount of the service charge in the amount column.
3. Calculate and record the new subtotal on the Subtotal line.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
5
LESSON 5-2
JOURNALIZING A BANK SERVICE JOURNALIZING A BANK SERVICE CHARGECHARGE
1. Date. Write the date.
page 127
11 33
44
August 31. Received bank statement showing August bank service charge, $8.00. Memorandum No. 3.
22
2. Debit. Write the title of the account to be debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source document number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
6
LESSON 5-2
TERM REVIEWTERM REVIEW
bank statement
page 128
