Question

Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation:

Balance per company records at end of month $ 72,644.12

Bank service charge for the month 44.00

NSF check returned with bank statement 1,440.66

Note collected by the bank during the month 45,000.00

Outstanding checks at month end 31,553.57

Interest on note collected during the month 4,500.00

Balance per bank at end of month 144,223.99

Deposit in transit at month end 7,989.04

Answer 1

Dine-Corp International
Bank Reconciliation
Bank statement balance	144,223.99	Book balance	72,644.12
Add:		Add:
Deposit in transit	7,989.04	Note collected by bank	45,000.00
		Interest on note	4,500.00
	152,213.03		122,144.12
Less:		Less:
Outstanding check	-31,553.57	Bank service charges	-44.00
		NSF Check	-1,440.66
Adjusted bank balance	$120,659.46	Adjusted book balance	$120,659.46

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