The following information relating to the bank checking account is available for MCG company at July 31st?

Question

Balance per bank statement at July 31------------ USD 19, 893.25

Balance per depositor's records----------------USD 18, 681.35

Outstanding Checks-------------------------------- USD 2, 102.50

Deposits in transit----------------------------- USD 872.62

Services charges by bank ----------------------------USD 18.00

Prepare a bank reconciliation statement for MCG company as at July 31

Answer 1

Balance per bank statement at July 31 USD 19, 893.25

Add:

Deposits in transit USD 872.60

Less:

Outstanding Checks USD 2,102.50

Adjusted bal. per bank statement $18,663.35

Balance per depositor's records USD 18,681.35

Less:

Services charges by bank  USD 18.00

Adjusted bal. per depositor's records $18,663.35