The adjusted balance of bank reconciliation equals $4,120
What is the bank reconciliation working?
The preparation of the bank reconciliation is presented follows:
For company books
Balance $4,226
Less: service charges -$16
Adjusted balance $4,210
For bank statement
Balance $4,461
Add: outstanding deposits $448
Less: outstanding checks
- Number 110 $37
- Number 111 $75
- Number 114 $587
Adjusted balance $4,210.