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BANK RECONCILIATION XTRA CREDIT Balboa company sells refrigerators to the general public. On November 30,2009 Its cash ledger balance was 15,890. The bank balance was 17,420 A review of Balboa's transactions revealed the following: Balboa wrote 75,000 worth of checks. However a check for $2,500 from September and one for $3200 from August had not cleared the bank as of November 30. Cash receipts total 5,200. An EFT for 1000 was made to Jones Inc. for refrigerators purchased on credit A check that was written for 2300 was recorded by the bank for 300. A check for 4100 that was made out to Sampson Rentals for the monthly rent was recorded in the cash ledger for 1400 Johnson a customer made a $7500 loan payment in the bank. The customer signed a note when the loan was made. (Loan principal was 7000 and interes was 500) An NSF check for 3120 was returned and a $30 fee was charged to Balboa's account A check for 2,000 made out to Lewis Inc. was correctly recorded by the bank bu was never recorded in the cash ledger The bank paid $380 for interest earned on the checking account. BANK RECONCILIATION WORKSHEET BANK STATEMENT AMOUNTS AMOUNTS BALANCE AT: RECONCILING ITEMS DESCRIPTION ADJUSTED BANK BALANCE CASH LEDGER BALANCE AT: RECONCILING ITEMS DESCRIPTION ADRUSTED CASH BALANCE

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