MR.

ARNOLD AYALA

BANK RECONCILIATION STATEMENT

FEB. 28,2021

LETTER A

Balance Per Bank Statement P 12,795.00

(a ) –deposit in transit 4,700.00

Total P 17, 495.00

( d ) Less – Outstanding Check 1,200.00

Balance per Bank Statement as Adopted P 16,295.00

LETTER B

Balance per Books P 16,215.00

(a)Add- Interest Income 135.00

Total P 16, 350.00
(b)Less – Bank Charges 55.00

CORRECT BALANCE OF CASH IN BANK P 16,295.00

LETTER C

Balance Per Bank Statement P 12,795.00

(a ) –deposit in transit 4,700.00

Total P 17, 495.00

( d ) Less – Outstanding Check 1,200.00

Balance per Bank Statement as Adopted P 16,295.00

Balance per Books P 16,215.00

(a)Add- Interest Income 135.00

Total P 16, 350.00
(b)Less – Bank Charges 55.00

CORRECT BALANCE OF CASH IN BANK P 16,295.00

LETTER C

Summary : adjust both balances to the correct balance of cash in the bank

Balance per bank statement as adopted Php 16,295.00

Correct Balance of Cash in bank Php 16,295.00