Bank side, book side and four entries: in AC300's Unit 6 bank reconciliation, a composite property manager's cash reaches 45,100 dollars both ways before any restricted balance is separated. Searches like "ac 300 unit 6 assignment example", "ac300 unit 6 sample" and "ac300 unit 6 example" land here.
What a finished AC300 Unit 6 bank reconciliation looks like
A two-sided schedule under a heading naming the firm, the account and the month. The bank side opens at the statement balance of 48,300, adds a 6,200 deposit in transit and subtracts 9,400 of outstanding checks, listed by number, to reach 45,100. The book side opens at 40,950. It adds a 5,000 note the bank collected, with 150 of interest, less a 25 collection fee; adds 540 for a check to a plumbing contractor recorded as 1,820 when it cleared at 1,280; subtracts a 1,450 tenant check returned for insufficient funds; and subtracts a 65 service charge. It also lands on 45,100. Four journal entries follow, one per book-side group, each dated at month end. A short presentation paragraph closes the page, placing tenant security deposits held in a separate account outside unrestricted cash.
How a AC300 Unit 6 example is structured
The two sides are built independently and meet at the bottom, which is the only proof a reconciliation offers. The bank side comes first because its items need no entries: the deposit in transit and the outstanding checks are timing differences the bank will catch up on. The book side comes second, and each of its adjustments becomes a journal entry, which is why the sample groups them to match the entries that follow. The transposition error gets a one-line explanation showing the 540 difference, since a grader wants the arithmetic rather than a bare number. After the entries, the presentation paragraph moves into intermediate territory. Security deposits held for tenants are restricted, so they appear apart from cash with an offsetting liability, and the note on cash states what is restricted and why.
Bank side to 45,100
Statement balance, plus the deposit in transit, less the outstanding checks listed by number and amount. None of these three items produces a journal entry.
Book side to 45,100
Ledger balance adjusted for the collected note and its interest, the collection fee, the transposed check, the returned tenant check and the service charge.
The transposed check
Recorded at 1,820, cleared at 1,280. The 540 difference returns to cash and restores the payable that the original entry over-reduced, with the arithmetic shown on one line.
Four entries from the book side
The note collection with interest and fee, the error correction, the returned check charged back to the tenant, and the service charge, each dated at month end.
Restricted deposits presented apart
Tenant security deposits in a separate account sit outside unrestricted cash, matched by a liability to the tenants, and the cash note names the restriction.
Where marks go in AC300 Unit 6
An entry recorded for a bank-side item is the deduction graders see most, usually a debit to cash for the deposit in transit that the books already hold. It double-counts the deposit and breaks next month's reconciliation. The transposition is the second trap: adding 540 to the bank side, or subtracting it from the books, leaves both sides agreeing on a wrong figure, which a grader finds by checking the direction against the facts. Charging the returned tenant check to expense instead of back to the tenant's receivable loses points in most sections, since the tenant still owes the rent. Recording the collected note as revenue for the full 5,150, ignoring the principal, costs more. The presentation paragraph carries its own marks, and folding the security deposits into cash forfeits them.
Get a AC300 Unit 6 example written to your instructions
The bank statement figures, the ledger balance and every item the Unit 6 problem lists, including anything said about restricted accounts, are what the schedule is built from; add the rubric and instructions. It returns inside 24-48h with both sides proved and the entries dated. Your first custom sample costs nothing.
AC300 Unit 6 questions, answered
How can an error in the books be identified as a transposition?
A difference divisible by nine often signals two digits swapped, and 540 divides by nine exactly. The problem usually states the correct amount outright, as this one does, but the divisibility check is a useful confirmation when it does not. The sample shows both figures and the difference on one line so a grader can confirm the direction of the correction immediately.
Why is the collection fee recorded separately from the note?
Because the bank deducted it before crediting the account, and it is an expense of the firm rather than a reduction of what the borrower paid. Recording 5,125 against the note would understate both interest revenue and the fee. The sample's entry debits cash for the net amount and the fee expense for 25, and credits the note for 5,000 and interest revenue for 150.
Does restricted cash belong in a reconciliation assignment?
Not every section asks for it, but AC300 treats cash as a presentation question as well as a clerical one. When the facts mention a separate account held for a specific purpose, the grader usually expects a sentence on where it goes. If the instructions stop at the reconciliation and entries, the presentation paragraph drops away and the rest stands unchanged.