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Function: SUM; Formula: Add, Subtract; Cell Referencing:
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Function: SUM: Formula: Add, Subtract; Cell Referencing
BE Using Excel to Prepare a Bank Reconciliation
PROBLEM
The following information relates to Southco Limited's Cash
account.
Student Work Area
Required: Provide input into cells shaded in yellow in this template, Use mathematical formulas with cell references to the Problem and work ares as
indicated
Prepare the necessary journal entries required on July for Southco
Add:
Less
Reconciled cash balance from
June's bank reconciliation
$
Amounts from the general ledger July cash receipts
July cash payments
Amounts from the July bank statement: Balance, July
Outstanding cheques
Deposit in transit
EFT collections on account that were not yet recorded on the books
NSF cheque
NSF fee
Bank service charge
Add:
Less: Bank service charge
