Junichiro Industries performed a bank reconciliation for their account as of June 31, 2001. The balance per their bank statement was $30,928.46 but they had outstanding checks totaling $5,438.22, so the adjusted bank balance was $25,490.24. They also had $4,710.56 in outstanding deposits, so the balance per their books was $30,200.80. The reconciliation identified outstanding checks and deposits to determine the difference between the book and bank balances.
Junichiro Industries performed a bank reconciliation for their account as of June 31, 2001. The balance per their bank statement was $30,928.46 but they had outstanding checks totaling $5,438.22, so the adjusted bank balance was $25,490.24. They also had $4,710.56 in outstanding deposits, so the balance per their books was $30,200.80. The reconciliation identified outstanding checks and deposits to determine the difference between the book and bank balances.
Junichiro Industries performed a bank reconciliation for their account as of June 31, 2001. The balance per their bank statement was $30,928.46 but they had outstanding checks totaling $5,438.22, so the adjusted bank balance was $25,490.24. They also had $4,710.56 in outstanding deposits, so the balance per their books was $30,200.80. The reconciliation identified outstanding checks and deposits to determine the difference between the book and bank balances.