are to prepare the following: 1. A four-column reconciliation that would end at adjusted balances. 2. Adjusting journal entries as of December 31, 2021. Reconciling items: November 30 December 31 Deposits in transit P10,400 ? Outstanding checks 16,014 ? NSF checks 1,052 P1,400 Customers’ notes collected by bank 3,000 8,554 Bank service charges 100 130 Erroneous bank debits 1,

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.