Practice Bank Reconciliation for BT271 Assessment

You will be provided with a bank statement, such as the following.

Then, you will be provided with information, such as the following:

Outstanding checks: #104 $52.00; #105 $122.00; #112 $1,400.00

Outstanding deposit: March 31 for $3,400.

The service fee listed on the bank statement is not recorded on our books. (FYI: If any interest earned
had been on the bank statement, that would not be in our books yet.)

Our checkbook balance is $10,822

Create a bank reconciliation in Excel. Hints:

Bank Balance: $8,951.00 minus outstanding checks plus outstanding deposit = $10,777.

Checkbook Balance: $10,822 minus service fees (plus interest had there been any) = $10,777.