Bringing real-world accounting into the classroom

Sample case — Brightline Cafe — Bank Reconciliation

Bank Reconciliation

Brightline Cafe LLC

March bank rec for Brightline Cafe.
Owner mentioned a customer note the bank collected, plus a bounced check from a catering client.
Deposit from 3/31 may not have hit the bank yet.

Apr 1 · Staff Accountant

Select a document

Choose a file from the list to preview it here while you work on the assignment.

Your assignment

1. What is the total deposit in transit at March 31?
$
2. What is the total of outstanding checks at March 31?
$
3. What is the adjusted (true) cash balance at March 31?
$
4. By how much does the book cash balance need to change (net) to reach the adjusted balance? Enter a positive number for an increase.
$

Sample case — Brightline Cafe — Bank Reconciliation

Bank Reconciliation

March bank rec for Brightline Cafe.
Owner mentioned a customer note the bank collected, plus a bounced check from a catering client.
Deposit from 3/31 may not have hit the bank yet.

Apr 1 · Staff Accountant

Select a document

Choose a file from the list to preview it here while you work on the assignment.

Your assignment

1. What is the total deposit in transit at March 31?
$
2. What is the total of outstanding checks at March 31?
$
3. What is the adjusted (true) cash balance at March 31?
$
4. By how much does the book cash balance need to change (net) to reach the adjusted balance? Enter a positive number for an increase.
$