1. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO4 Complete a bank statement reconciliation. LO5 Record and journalize a bank service charge.

2. © 2014 Cengage Learning. All Rights Reserved. Bank Statement SLIDE 2 LO4 Lesson 5-2 ●A report of deposits, withdrawals, and bank balances sent to a depositor by a bank is called a bank statement.

3. © 2014 Cengage Learning. All Rights Reserved. Bank Statement Reconciliation SLIDE 3 LO4 Lesson 5-2 Bank Statement Balance 5 5 Adjusted Check Stub Balance 4 4 Check Stub Balance 2 2 Date 1 1 Service Charge 3 3 Outstanding Checks 8 8 Subtotal 7 7 Adjusted Bank Balance 9 9 6 6 Outstanding Deposits Compare Adjusted Balances 10

4. © 2014 Cengage Learning. All Rights Reserved. Recording a Bank Service Charge on a Check Stub SLIDE 4 LO5 Lesson 5-2 1. 1.Write Service Charge on the check stub under the heading Other. 1 1 2 2 3 3 3. 3.Calculate and record the new subtotal on the Subtotal line. 2. 2.Write the amount of the service charge in the amount column.

5. © 2014 Cengage Learning. All Rights Reserved. Journalizing a Bank Service Charge SLIDE 5 25.00 Miscellaneous Expense Cash 25.00 January 31. Received bank statement showing January bank service charge, $25.00. Memorandum No. 3. 2. 2.Write the title of the account to be debited in the Account Title column. Record the amount debited in the Debit column. 1. 1.Write the date in the Date column. 3. 3.On the next line, indented, write the title of the amount credited in the Account Title column. Write the credit amount in the Credit column. 4. 4.Write the source document number in the Doc. No. column. 1 1 Date 4 4 Source Document Debit 2 2 Lesson 5-2 LO5 3 3 Credit