Show to reconcile an account, accounting homework help

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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