ReconciledrillRecording fees and interest
A bank reconciliation exercise from Reconciledrill. Solve it with a bank statement and cash book side by side in your browser, and it is checked the moment you submit.
The task
Classify every line, enter both adjusted balances, then choose the journal entry the company must record for each item that affects its books.
What this exercise teaches
Fees: Dr Bank charges expense, Cr Cash. Interest: Dr Cash, Cr Interest income.
A hint if you get stuck
Only book-side items need entries. Outstanding checks and deposits in transit are already in the books.
Try it now, no account needed
This exercise is free. Open it on the practice page, solve it, and get instant feedback with a hint and a worked solution after two tries.
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