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1. From the following information, construct a bank reconciliation for Faith Medical as of July 31, 2013.

Ending journal/ledger balance: $445

Ending bank statement balance: $300

Deposit in transit: $200

Outstanding cheques: $95

Bank service charges: $15

NSF: Judith Walls cheque returned: $25

2. Professional Medical received a bank statement from TD Canada Trust indicating a bank balance of $7,100. Based on the office bookkeeping, the bank balance was $5,700. Prepare a bank reconciliation for July 31, 2011 based on the following:

Cheques outstanding: #122 - $800, #130 - $1,000

Deposits in transit: $1,110

You forgot to record a $33 gas purchase made with the doctors debit card

Bank service charge of $60

TD Canada Trust collected a note for Rose, $810, less a $7.00 collection fee

3. As the bookkeeper of Dr. Smith and Associates, you received the bank statement from BMO indicating a balance of $5,820.00. The ending chequebook balance was $6321.00. Prepare a bank reconciliation for Dr. Smith and Associates as of July 31, 2014 based on the following:

Deposits in transit: $2875

Bank service charges: $24

Cheques outstanding: No. 111 - $478, No. 115 - $1147.

BMO collected a note for the company - $1770 less a $12 collection fee

NSF cheque: $525

You recorded cheque no. 107 as $900 to pay the months rent. The cancelled cheque and bank statement show the actual cheque was $800.

The bank made an error by deducting a cheque for $560 issued by another business.

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