Question: Reconciling a bank statement and recording a bank service charge Use the bank statement, canceled checks, and check stubs for GolfPro given in the Working Papers.
Instructions: 1. Compare the canceled checks with the check stubs. For each canceled check, place a check mark next to the appropriate check stub number. For each deposit shown on the bank statement, place a check mark next to the deposit amount on the appropriate check stub.
2. Prepare a bank statement reconciliation. Use August 29 of the current year as the date.
3. Record the following transactions on page 8 of a journal. The abbreviation for memorandum is M.
Transactions: Sept.
1. Received bank statement showing August bank service charge, $5.00. M25.
1. Received notice from the bank of a dishonored check from Sheldon Martindale, $170.00, plus $5.00 fee; total, $175.00. M26.
4. Record the bank service charge and dishonored check on Check Stub No. 165.