Accounting and Finance Foundations

Unit 3

Accounting and Finance Foundations Unit 3: The Role of Money 240

B. Use Kyler’s check register and bank statement to reconcile his bank account. Use the bank reconciliation

form provided.

Open-Response Unit Assessment S/T Guide

Account Statement

Account Number: 123456789

Statement Period: August 1, 2012

through August 31, 2012

Account Summary:

Beginning Balance $2,550.44

Credits/Deposits $905.02

Debits/Payments $1,039.22

Ending Statement Balance $2,416.24

Checking Activity:

Credits/Deposits

08/06 Deposit + 25.00

08/07 Deposit + 350.00

08/15 Deposit + 200.00

08/29 Deposit + 330.00

08/10 Interest + 0.02

Debits/Payments

08/03 Check 1102 _ 630.00

08/27 Check 1103 _ 250.00

08/07 Debit Card _ 30.00

08/08 Debit Card _ 25.22

08/22 Debit Card _ 7.50

08/28 Debit Card _ 12.00

08/15 Electronic Funds Transfer _ 79.50

08/31 Bank Fee _ 5.00

123 Main Street

Main Street, KY

(859) 555-5555

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Tasks (cont’d)