CENTURY 21 ACCOUNTING © Thomson/South-Western

LESSON 5-2LESSON 5-2

Bank Reconciliation

2

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2

BANK STATEMENTBANK STATEMENT page 124

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CENTURY 21 ACCOUNTING © Thomson/South-Western 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

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CENTURY 21 ACCOUNTING © Thomson/South-Western 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.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2

1. Write the date.

JOURNALIZING A BANK SERVICE JOURNALIZING A BANK SERVICE CHARGECHARGE page 127

11 44

August 31. Received bank statement showing August bank service charge, $8.00. Memorandum No. 3.

2. Write the title of the account debited. Record the debit amount.

3. Write the title of the account credited. Record the credit amount.

4. Write the source document number in the Doc. No. column.

22

33

6

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2

TERM REVIEWTERM REVIEW

bank statement

page 128