Reconciliation Form

Question 1

The July bank statement for A & H Iron Works shows a balance of $37.94 and a service charge of $8.00. The account register shows deposits of $650 and $375.56 that do not appear on the statement. Checks in the amounts of $217.45, $57.82, $17.45, and $58.62 are outstanding. The register before reconciliation is $720.16. Reconcile the bank statement with the account register using the form in figure 4-48.

$	BALANCE AS SHOWN ON BANK STATEMENT	BALANCE AS SHOWN IN YOUR REGISTER	$
$	TOTAL OF OUTSTANDING DEPOSITS	SUBTRACT AMOUNT OF SERVICE CHARGE
$	NEW TOTAL	NEW TOTAL	$
-$	SUBTRACT TOTAL OF OUTSTANDING CHECKS	ADJUSTMENTS IF ANY	$
$	YOUR ADJUSTED STATEMENT BALANCE	SHOULD <———-> EQUAL	YOUR ADJUSTED REGISTER BALANCE	$
Outstanding Deposits (Credits)$	Outstanding Checks (Debits)$
Date	Amount	Check Number	Date	Amount
$	$
–
Total	$	$
FIGURE 4-48
Account Reconciliation Form

Question 2

Identify and explain contemporaneous data issues that occur with the precedent transaction analysis. Keep that answer limited to one page.