The July bank statement for A & H Iron Works shows a balance of $37.94 and a service charge of $8.00. The account register shows deposits of $650 and $375.56 that do not appear on the statement. Checks in the amounts of $217.45, $57.82, $17.45, and $58.62 are outstanding. The register before reconciliation is $720.16. Reconcile the bank statement with the account register using the form in figure 4-48.
$ BALANCE AS SHOWN ON BANK STATEMENT BALANCE AS SHOWN IN YOUR REGISTER $ $ TOTAL OF OUTSTANDING DEPOSITS SUBTRACT AMOUNT OF SERVICE CHARGE $ NEW TOTAL NEW TOTAL $ -$ SUBTRACT TOTAL OF OUTSTANDING CHECKS ADJUSTMENTS IF ANY $ $ YOUR ADJUSTED STATEMENT BALANCE SHOULD <———-> EQUAL YOUR ADJUSTED REGISTER BALANCE $ Outstanding Deposits (Credits)$ Outstanding Checks (Debits)$ Date Amount Check Number Date Amount $ $ – Total $ $ FIGURE 4-48 Account Reconciliation Form
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