Checks Balance 18,500 Date Deposits Other une 1 3 440 18,060 4 1,200 16,860 16,360 15,160 8 500 10 1,200 13 250 10,000 24,910 20 80 NSF 840 23,990 49,190 48,840 22 9,800 35,000 26 350 27 4,600 44,240 700 17,000 60,540 30 920 Serv. Charge 50 59,570 Interest Earned 30 600 30 59.000 Cash June 1 Bal. 18,500 June 13 deposit June 22 deposit June 29 deposit June 30 deposit 10,000 440 Check #100 35,000 1,200 Check #101 17,000 500 Check #102 28,000 1,200 Check #103 250 Check #104 80 Check #105 9,800 Check #106 350 Check #107 4,600 Check #108 770 Check #109 4,900 Check #110 700 Check #111 920 Check #112 600 Check #113 Sheet 1

explain why it is important for a business to do a bank reconciliation monthly.

On the Excel worksheet are the T- accounts for cash and other accounts need to record the bank reconciliation. Also, the format for the bank reconciliation is provided. Complete the bank reconciliation, using formulas when possible.

How do you record a debit card purchase in Quickbooks? A. Use the Enter Bills window to enter the information, then immediately go to the Pay Bills window and prepare th check. B. Prepare a journal entry to debit the expense account of the purchase and credit cash. C. Wait until you do the bank reconciliation and enter one journal entry for all of your debit card purchases. D. Using the Write Checks window, in the No. field,type “Debit.” Enter the vendor name and amount in the check area.