Question

Reconcile the account by adjusting both the balance from the bank statement and the checkbook balance to obtain the current balance.

The current balance based on the statement balance is?

The current balance based on the checkbook balance is?

Check​ Register:
	​Balance:	​$14563.87
Checks Outstanding		Deposits not Recorded
Number	Amount	Amount
223	​$97.21	​$67.88
225	​$105.38	​$282.42
227	​$45.49	​$1870.32
229	​$1233.42
Bank​ Statement:
​Balance:		​$13838.86
Bank​ Charge:		​$8.38
Interest​ Credit:		​$22.49

Answer 1

There are is mismatch between the check register and bank statement.

Following is the reconciliation statement between the two:

Remarks:

1) Checks outstanding are the checks which are issued but not encashed by the recepient. Hence to come to bank balances we add that

2) Deposits made by us are actually not reflected in the statement, hence we add that

3) Interest is credited by bank which we have not reflected in the check, hence we add that. Similarly we reduce the bank charges debited by bank.