Name _____________________ Financial Planning & Money Management BANK RECONCILIATIONS

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Directions: Using the information provided, prepare a bank reconciliation for Lawrence and Anna. Problem 1 La!rence has an interest earning checking acco nt. !he bank statement he " st received sa#s that his balance is $%,&'%.%() however, his check register indicates he has a balance of $&,*'+.*,. Lawrence-s bank statement indicates that he received $'..** in interest and paid $/(.+0 in service charges. 1hile reviewing his bank statement, he did not find a deposit of $/,'+..(( he made five da#s ago. Lawrence-s o tstanding checks are: 2heck 3+.. for $/,'%&.'' 2heck 3+.' for $ &(.... 2heck 3+.+ for $ '&./( 2heck 3+.0 for $ 0(.*. 2heck 3+/. for $ &'..(( 2heck 3+/+ for $ +&+..* After f rther review of his bank statement, Lawrence discovered a $/..... withdrawal that he forgot to record in his check register and a $+(.... deposit that he also did not record in his check register. Use the space below to prepare a bank reconciliation for Lawrence.

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Name _____________________ Problem "

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Anna has an interest earning checking acco nt. !he bank statement she " st received sa#s that her balance is $,,/.%%) however, her check register indicates she has a balance of $(*,.+%. After caref l review of her bank statement, Anna reali9es she received $*./* in interest and paid $%.+0 in service charges and $/%.,( for new checks. Anna also discovered A!: withdrawals of $%.... and $&/.(. that were not recorded in her check register. Deposits made last week of $'..... and $+(.... did not appear on her bank statement. Also, Anna failed to record a deposit of $/((... in her check register. Anna-s o tstanding checks are: 2heck 3'.. for $+/(.(. 2heck 3'.' for $ ('.%, 2heck 3'.& for $/(.... 2heck 3'.* for $ '(.*. 2heck 3'/' for $'(&.&. 2heck 3'/& for $//(.(( Use the space below to prepare a bank reconciliation for Anna.

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