5 Bank Statement Reconciliation 1. Date12. Check Stub Balance253. Service Charge4. Adjusted Check Stub Balance6375. Bank Statement Balance6. Outstanding Deposits8497. Subtotal8. Outstanding Checks109. Adjusted Bank Balance10. Compare Adjusted Balances
6 Recording a Bank Service Charge on a Check Stub 1. Write Service Charge $8.00 on the check stub under the heading “Other.”2. Write the amount of the service charge in the amount column.3. Calculate and record the new subtotal on the Subtotal line.123
7 Journalizing a Bank Service Charge In order for the Cash account to be updated, the service charge must also be recorded in the journal.Debit Miscellaneous ExpenseCredit CashSource Document is a memorandum
8 Assignment Work Together 5-2 (Textbook pg. 128) Log in to Aplia.com Application 5-2 (Textbook pg. 140)Continue working on Study Guide
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