Question

The following information is available for Blue Disk Company regarding its June 30, 2010, bank account:

• Balance per bank statement is $11,300.34.
• Balance per books is $10,652.78.
• Check #506 for $1,948.52 and check #510 for $1,600.25 was not returned with the June 30^thbank statement.
• The bank had not received a deposit in transit of $4,562.21 when the bank statement was generated.
• A bank debit memo indicated an NSF check written by Bruce Garrett to Blue Disk Company on June 13^thfor $279.

• A bank credit memo indicated a bank collection of $1,900 and interest revenue of $75 on June 30^th(total collection was $1,975).
• The bank statement indicated service charges of $35.

Prepare a bank reconciliation for Blue Disk Company dated June 30, 2010, using the form provided below.  

Blue Disk Company
Bank Reconciliation
Month of June 30, 2010

Answer 1

Blue Disk Company
Bank Reconciliation
June 30, 2010

Bank: Balance	$11,300.34
Add: Deposit in Transit	$4,562.21
Less: Cheques not cleared
Check #506 ($1,948.52)
Check #510 ($1,600.25)	($3548.77)
	$12,313.78
------------------------------------------------------------------------------------------------------------	------------------------------
Books: Balance	$10,652.78
Add: Bank Collection	$1,900.00
Add: Interest Revenue	$75.00
Less: NSF Check - debit memo	($279.00)
Less: Service Charges	($35.00)
	$12,313.78