{"id":3176,"date":"2020-10-09T18:41:45","date_gmt":"2020-10-09T18:41:45","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-financialaccounting\/?post_type=chapter&#038;p=3176"},"modified":"2020-11-17T22:28:49","modified_gmt":"2020-11-17T22:28:49","slug":"reconciling-items","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/chapter\/reconciling-items\/","title":{"raw":"Reconciling Items","rendered":"Reconciling Items"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n \t<li>Identify common reconciling items<\/li>\r\n<\/ul>\r\n<\/div>\r\nLet\u2019s take a look at NeatNiks's GL for the month of October:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div style=\"text-transform: uppercase;\">General Ledger<\/div>\r\n<div><span style=\"float: left;\">Account: Checking<\/span><span style=\"float: right;\">Account No. 110<\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"8\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" colspan=\"2\" rowspan=\"2\" scope=\"col\">Date<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Post. Ref.<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Debit<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Credit<\/th>\r\n<th class=\"c\" colspan=\"2\" scope=\"col\">Balance<\/th>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" scope=\"col\">Debit<\/th>\r\n<th class=\"c\" scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>20--<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\">Oct<\/th>\r\n<th class=\"l\" scope=\"row\">1<\/th>\r\n<th scope=\"row\"><em>Balance<\/em><\/th>\r\n<td>a<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>0.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">1<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td class=\"r\">20,000.00<\/td>\r\n<td><\/td>\r\n<td class=\"r\">20,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">4<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\">12,000.00<\/td>\r\n<td class=\"r\">8,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">15<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td class=\"r\">1,500.00<\/td>\r\n<td><\/td>\r\n<td class=\"r\">9,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">25<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\">2,600.00<\/td>\r\n<td class=\"r\">6,900.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">26<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\">1,000.00<\/td>\r\n<td class=\"r\">5,900.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">30<\/td>\r\n<td><\/td>\r\n<td>GJ2<\/td>\r\n<td class=\"r\">1,600.00<\/td>\r\n<td><\/td>\r\n<td class=\"r\">7,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">31<\/td>\r\n<td><\/td>\r\n<td>GJ2<\/td>\r\n<td><\/td>\r\n<td class=\"r\">4,000.00<\/td>\r\n<td class=\"r highlight\">3,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<tbody>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"8\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nAnd now the bank statement:\r\n<table class=\"fin-table acctstatement\"><caption>First World Bank: NeatNiks<\/caption>\r\n<tbody>\r\n<tr>\r\n<th colspan=\"4\">Statement 10\/1\/20XX - 10\/31\/20XX<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at 10\/3\/20XX<\/td>\r\n<td class=\"r\">$0.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\r\n<td class=\"r\">$21,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\r\n<td class=\"r\">$0.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\r\n<td class=\"r\">($15,600.00)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at 10\/31\/20XX<\/td>\r\n<td class=\"highlight r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$5,900.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"4\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Deposits and other Credits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">10\/1\/20XX<\/td>\r\n<td class=\"r\">$20,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">10\/15\/20XX<\/td>\r\n<td class=\"r\">$1,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$21,500<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Checks and other debits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/4\/20XX<\/td>\r\n<td class=\"r\">Market Street Truck Rental<\/td>\r\n<td class=\"r\">#1000<\/td>\r\n<td class=\"r\">$12,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/25\/20XX<\/td>\r\n<td class=\"r\">Hugh's Auto Insurance<\/td>\r\n<td class=\"r\">#1001<\/td>\r\n<td class=\"r\">$1,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/25\/20XX<\/td>\r\n<td class=\"r\">Carol Caine<\/td>\r\n<td class=\"r\">#1002<\/td>\r\n<td class=\"r\">$1,100.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/26\/20XX<\/td>\r\n<td class=\"r\">Cleaning Supplies, Inc.<\/td>\r\n<td class=\"r\">#1003<\/td>\r\n<td class=\"r\">$1,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$15,600<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nTheoretically, since they both show the same information, the bank statement and the GL should match, but notice that NeatNiks\u2019s GL shows an ending balance of $3,500 but the bank shows $5,900.We need to reconcile the two. In accounting, we don\u2019t think of reconciling as making the records agree. It\u2019s more about explaining the differences. The process is fairly straightforward if we are systematic about it. First, cross off everything that agrees between the two. What\u2019s left is the differences that need to be explained.\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div style=\"text-transform: uppercase;\">General Ledger<\/div>\r\n<div><span style=\"float: left;\">Account: Checking<\/span><span style=\"float: right;\">Account No. 110<\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"8\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" colspan=\"2\" rowspan=\"2\" scope=\"col\">Date<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Post. Ref.<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Debit<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Credit<\/th>\r\n<th class=\"c\" colspan=\"2\" scope=\"col\">Balance<\/th>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" scope=\"col\">Debit<\/th>\r\n<th class=\"c\" scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>20--<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\">Oct<\/th>\r\n<th class=\"l\" scope=\"row\">1<\/th>\r\n<th scope=\"row\"><em>Balance<\/em><\/th>\r\n<td>a<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>0.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">1<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td class=\"r\"><s>20,000.00<\/s><\/td>\r\n<td><\/td>\r\n<td class=\"r\">20,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">4<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\"><s>12,000.00<\/s><\/td>\r\n<td class=\"r\">8,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">15<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td class=\"r\"><s>1,500.00<\/s><\/td>\r\n<td><\/td>\r\n<td class=\"r\">9,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">25<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\"><s>2,600.00<\/s><\/td>\r\n<td class=\"r\">6,900.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">26<\/td>\r\n<td><\/td>\r\n<td>GJ1<\/td>\r\n<td><\/td>\r\n<td class=\"r\"><s>1,000.00<\/s><\/td>\r\n<td class=\"r\">5,900.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">30<\/td>\r\n<td><\/td>\r\n<td>GJ2<\/td>\r\n<td class=\"r\">1,600.00<\/td>\r\n<td><\/td>\r\n<td class=\"r\">7,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\r\n<td class=\"l\">31<\/td>\r\n<td><\/td>\r\n<td>GJ2<\/td>\r\n<td><\/td>\r\n<td class=\"r\">4,000.00<\/td>\r\n<td class=\"r\">3,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<tbody>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"8\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nGoing through the same process on the bank statement shows that everything on the bank statement is in the general ledger:\r\n<table class=\"fin-table acctstatement\"><caption>First World Bank: NeatNiks<\/caption>\r\n<tbody>\r\n<tr>\r\n<th colspan=\"4\">Statement 10\/1\/20XX - 10\/31\/20XX<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at 10\/3\/20XX<\/td>\r\n<td class=\"r\">$0.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\r\n<td class=\"r\">$21,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\r\n<td class=\"r\">$0.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\r\n<td class=\"r\">$15,600.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at 10\/31\/20XX<\/td>\r\n<td class=\"highlight r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$5,900.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"4\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Deposits and other Credits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">10\/1\/20XX<\/td>\r\n<td class=\"r\"><del>$20,000.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">10\/15\/20XX<\/td>\r\n<td class=\"r\"><del>$1,500.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$21,500<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Checks and other debits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/4\/20XX<\/td>\r\n<td class=\"r\">Market Street Truck Rental<\/td>\r\n<td class=\"r\">#1000<\/td>\r\n<td class=\"r\"><del>$12,000.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/25\/20XX<\/td>\r\n<td class=\"r\">Hugh's Auto Insurance<\/td>\r\n<td class=\"r\">#1001<\/td>\r\n<td class=\"r\"><del>$1,500.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/25\/20XX<\/td>\r\n<td class=\"r\">Carol Caine<\/td>\r\n<td class=\"r\">#1002<\/td>\r\n<td class=\"r\"><del>$1,100.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">10\/26\/20XX<\/td>\r\n<td class=\"r\">Cleaning Supplies, Inc.<\/td>\r\n<td class=\"r\">#1003<\/td>\r\n<td class=\"r\"><del>$1,000.00<\/del><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$15,600<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nWe have narrowed down the difference between the general ledger GL and the bank statement to two items:\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">A deposit Nick made at the end of October in the amount of $1,600 and recorded in the GL is not showing on the bank statement.<\/li>\r\n \t<li style=\"font-weight: 400;\">A withdrawal Nick made at the end of October and recorded in the GL is not showing on the bank statement.<\/li>\r\n<\/ul>\r\nThe next thing the accountant would do is check the bank balance and transactions at the beginning of November:\r\n<table class=\"fin-table acctstatement\"><caption>First World Bank: NeatNiks<\/caption>\r\n<tbody>\r\n<tr>\r\n<th colspan=\"4\">Statement 11\/1\/20XX-<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at 11\/1\/20XX<\/td>\r\n<td class=\"r\">$5,900.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\r\n<td class=\"r\">$4,100.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\r\n<td class=\"r\">$0.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\r\n<td class=\"r\">($6,000.00)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">Balance at --<\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$4,000.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"4\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Deposits and other Credits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">11\/1\/20XX<\/td>\r\n<td class=\"highlight r\">$1,600.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\">11\/5\/20XX<\/td>\r\n<td class=\"r\">$2,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$4,100<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"4\">Checks and other debits<\/th>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">11\/1\/20XX<\/td>\r\n<td class=\"r\">Nick Frank<\/td>\r\n<td class=\"r\">#1004<\/td>\r\n<td class=\"highlight r\">$4,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">11\/4\/20XX<\/td>\r\n<td class=\"r\">Deborah Hill<\/td>\r\n<td class=\"r\">#1005<\/td>\r\n<td class=\"r\">$500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\">11\/5\/20XX<\/td>\r\n<td class=\"r\">Office Supplies, Inc.<\/td>\r\n<td class=\"r\">#1006<\/td>\r\n<td class=\"r\">$1,500.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"r\" colspan=\"3\"><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$6,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nThe bank statement reconciles to the GL. The difference can be explained by the timing of the deposit and the timing of the check, both recorded in October in NeatNiks\u2019s GL, but not on the bank statement for a few days while they were being processed and approved. These two reconciling items are common. They are called deposits in transit and o<span style=\"font-size: 1em;\">utstanding checks.<\/span>\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Question<\/h3>\r\nhttps:\/\/assessments.lumenlearning.com\/assessments\/23723\r\n\r\n[ohm_question hide_question_numbers=1]204210[\/ohm_question]\r\n\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li>Identify common reconciling items<\/li>\n<\/ul>\n<\/div>\n<p>Let\u2019s take a look at NeatNiks&#8217;s GL for the month of October:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"8\"><\/td>\n<\/tr>\n<tr style=\"text-transform: uppercase;\">\n<th class=\"c\" colspan=\"2\" rowspan=\"2\" scope=\"col\">Date<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Post. Ref.<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Debit<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Credit<\/th>\n<th class=\"c\" colspan=\"2\" scope=\"col\">Balance<\/th>\n<\/tr>\n<tr style=\"text-transform: uppercase;\">\n<th class=\"c\" scope=\"col\">Debit<\/th>\n<th class=\"c\" scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>20&#8211;<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\">Oct<\/th>\n<th class=\"l\" scope=\"row\">1<\/th>\n<th scope=\"row\"><em>Balance<\/em><\/th>\n<td>a<\/td>\n<td><\/td>\n<td><\/td>\n<td>0.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">1<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td class=\"r\">20,000.00<\/td>\n<td><\/td>\n<td class=\"r\">20,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">4<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\">12,000.00<\/td>\n<td class=\"r\">8,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">15<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td class=\"r\">1,500.00<\/td>\n<td><\/td>\n<td class=\"r\">9,500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">25<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\">2,600.00<\/td>\n<td class=\"r\">6,900.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">26<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\">1,000.00<\/td>\n<td class=\"r\">5,900.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">30<\/td>\n<td><\/td>\n<td>GJ2<\/td>\n<td class=\"r\">1,600.00<\/td>\n<td><\/td>\n<td class=\"r\">7,500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">31<\/td>\n<td><\/td>\n<td>GJ2<\/td>\n<td><\/td>\n<td class=\"r\">4,000.00<\/td>\n<td class=\"r highlight\">3,500.00<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr aria-hidden=\"true\">\n<td colspan=\"8\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>And now the bank statement:<\/p>\n<table class=\"fin-table acctstatement\">\n<caption>First World Bank: NeatNiks<\/caption>\n<tbody>\n<tr>\n<th colspan=\"4\">Statement 10\/1\/20XX &#8211; 10\/31\/20XX<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at 10\/3\/20XX<\/td>\n<td class=\"r\">$0.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\n<td class=\"r\">$21,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\n<td class=\"r\">$0.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\n<td class=\"r\">($15,600.00)<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at 10\/31\/20XX<\/td>\n<td class=\"highlight r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$5,900.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"4\"><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Deposits and other Credits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">10\/1\/20XX<\/td>\n<td class=\"r\">$20,000.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">10\/15\/20XX<\/td>\n<td class=\"r\">$1,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$21,500<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Checks and other debits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\">10\/4\/20XX<\/td>\n<td class=\"r\">Market Street Truck Rental<\/td>\n<td class=\"r\">#1000<\/td>\n<td class=\"r\">$12,000.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/25\/20XX<\/td>\n<td class=\"r\">Hugh&#8217;s Auto Insurance<\/td>\n<td class=\"r\">#1001<\/td>\n<td class=\"r\">$1,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/25\/20XX<\/td>\n<td class=\"r\">Carol Caine<\/td>\n<td class=\"r\">#1002<\/td>\n<td class=\"r\">$1,100.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/26\/20XX<\/td>\n<td class=\"r\">Cleaning Supplies, Inc.<\/td>\n<td class=\"r\">#1003<\/td>\n<td class=\"r\">$1,000.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$15,600<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Theoretically, since they both show the same information, the bank statement and the GL should match, but notice that NeatNiks\u2019s GL shows an ending balance of $3,500 but the bank shows $5,900.We need to reconcile the two. In accounting, we don\u2019t think of reconciling as making the records agree. It\u2019s more about explaining the differences. The process is fairly straightforward if we are systematic about it. First, cross off everything that agrees between the two. What\u2019s left is the differences that need to be explained.<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"8\"><\/td>\n<\/tr>\n<tr style=\"text-transform: uppercase;\">\n<th class=\"c\" colspan=\"2\" rowspan=\"2\" scope=\"col\">Date<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Post. Ref.<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Debit<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Credit<\/th>\n<th class=\"c\" colspan=\"2\" scope=\"col\">Balance<\/th>\n<\/tr>\n<tr style=\"text-transform: uppercase;\">\n<th class=\"c\" scope=\"col\">Debit<\/th>\n<th class=\"c\" scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>20&#8211;<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\">Oct<\/th>\n<th class=\"l\" scope=\"row\">1<\/th>\n<th scope=\"row\"><em>Balance<\/em><\/th>\n<td>a<\/td>\n<td><\/td>\n<td><\/td>\n<td>0.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">1<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td class=\"r\"><span style=\"text-decoration: line-through;\">20,000.00<\/span><\/td>\n<td><\/td>\n<td class=\"r\">20,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">4<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\"><span style=\"text-decoration: line-through;\">12,000.00<\/span><\/td>\n<td class=\"r\">8,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">15<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td class=\"r\"><span style=\"text-decoration: line-through;\">1,500.00<\/span><\/td>\n<td><\/td>\n<td class=\"r\">9,500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">25<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\"><span style=\"text-decoration: line-through;\">2,600.00<\/span><\/td>\n<td class=\"r\">6,900.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">26<\/td>\n<td><\/td>\n<td>GJ1<\/td>\n<td><\/td>\n<td class=\"r\"><span style=\"text-decoration: line-through;\">1,000.00<\/span><\/td>\n<td class=\"r\">5,900.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">30<\/td>\n<td><\/td>\n<td>GJ2<\/td>\n<td class=\"r\">1,600.00<\/td>\n<td><\/td>\n<td class=\"r\">7,500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Oct<\/span><\/th>\n<td class=\"l\">31<\/td>\n<td><\/td>\n<td>GJ2<\/td>\n<td><\/td>\n<td class=\"r\">4,000.00<\/td>\n<td class=\"r\">3,500.00<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr aria-hidden=\"true\">\n<td colspan=\"8\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Going through the same process on the bank statement shows that everything on the bank statement is in the general ledger:<\/p>\n<table class=\"fin-table acctstatement\">\n<caption>First World Bank: NeatNiks<\/caption>\n<tbody>\n<tr>\n<th colspan=\"4\">Statement 10\/1\/20XX &#8211; 10\/31\/20XX<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at 10\/3\/20XX<\/td>\n<td class=\"r\">$0.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\n<td class=\"r\">$21,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\n<td class=\"r\">$0.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\n<td class=\"r\">$15,600.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at 10\/31\/20XX<\/td>\n<td class=\"highlight r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$5,900.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"4\"><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Deposits and other Credits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">10\/1\/20XX<\/td>\n<td class=\"r\"><del>$20,000.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">10\/15\/20XX<\/td>\n<td class=\"r\"><del>$1,500.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$21,500<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Checks and other debits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\">10\/4\/20XX<\/td>\n<td class=\"r\">Market Street Truck Rental<\/td>\n<td class=\"r\">#1000<\/td>\n<td class=\"r\"><del>$12,000.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/25\/20XX<\/td>\n<td class=\"r\">Hugh&#8217;s Auto Insurance<\/td>\n<td class=\"r\">#1001<\/td>\n<td class=\"r\"><del>$1,500.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/25\/20XX<\/td>\n<td class=\"r\">Carol Caine<\/td>\n<td class=\"r\">#1002<\/td>\n<td class=\"r\"><del>$1,100.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\">10\/26\/20XX<\/td>\n<td class=\"r\">Cleaning Supplies, Inc.<\/td>\n<td class=\"r\">#1003<\/td>\n<td class=\"r\"><del>$1,000.00<\/del><\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$15,600<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>We have narrowed down the difference between the general ledger GL and the bank statement to two items:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">A deposit Nick made at the end of October in the amount of $1,600 and recorded in the GL is not showing on the bank statement.<\/li>\n<li style=\"font-weight: 400;\">A withdrawal Nick made at the end of October and recorded in the GL is not showing on the bank statement.<\/li>\n<\/ul>\n<p>The next thing the accountant would do is check the bank balance and transactions at the beginning of November:<\/p>\n<table class=\"fin-table acctstatement\">\n<caption>First World Bank: NeatNiks<\/caption>\n<tbody>\n<tr>\n<th colspan=\"4\">Statement 11\/1\/20XX-<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at 11\/1\/20XX<\/td>\n<td class=\"r\">$5,900.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Deposits<\/td>\n<td class=\"r\">$4,100.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Transfers in<\/td>\n<td class=\"r\">$0.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Checks and debits<\/td>\n<td class=\"r\">($6,000.00)<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">Balance at &#8212;<\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$4,000.00<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"4\"><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Deposits and other Credits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">11\/1\/20XX<\/td>\n<td class=\"highlight r\">$1,600.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\">11\/5\/20XX<\/td>\n<td class=\"r\">$2,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$4,100<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr>\n<th colspan=\"4\">Checks and other debits<\/th>\n<\/tr>\n<tr>\n<td class=\"r\">11\/1\/20XX<\/td>\n<td class=\"r\">Nick Frank<\/td>\n<td class=\"r\">#1004<\/td>\n<td class=\"highlight r\">$4,000.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\">11\/4\/20XX<\/td>\n<td class=\"r\">Deborah Hill<\/td>\n<td class=\"r\">#1005<\/td>\n<td class=\"r\">$500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\">11\/5\/20XX<\/td>\n<td class=\"r\">Office Supplies, Inc.<\/td>\n<td class=\"r\">#1006<\/td>\n<td class=\"r\">$1,500.00<\/td>\n<\/tr>\n<tr>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<\/tr>\n<tr>\n<td class=\"r\" colspan=\"3\"><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$6,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The bank statement reconciles to the GL. The difference can be explained by the timing of the deposit and the timing of the check, both recorded in October in NeatNiks\u2019s GL, but not on the bank statement for a few days while they were being processed and approved. These two reconciling items are common. They are called deposits in transit and o<span style=\"font-size: 1em;\">utstanding checks.<\/span><\/p>\n<div class=\"textbox tryit\">\n<h3>Practice Question<\/h3>\n<p>\t<iframe id=\"lumen_assessment_23723\" class=\"resizable\" src=\"https:\/\/assessments.lumenlearning.com\/assessments\/load?assessment_id=23723&#38;embed=1&#38;external_user_id=&#38;external_context_id=&#38;iframe_resize_id=lumen_assessment_23723\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:400px;\"><br \/>\n\t<\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204210\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204210&theme=oea&iframe_resize_id=ohm204210\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3176\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Bank Reconciliation. <strong>Authored by<\/strong>: Joseph Cooke. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Accounting Principles: A Business Perspective. <strong>Authored by<\/strong>: James Don Edwards, University of Georgia &amp; Roger H. Hermanson, Georgia State University. <strong>Provided by<\/strong>: Endeavour International Corporation. <strong>Project<\/strong>: The Global Text Project. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":17,"menu_order":11,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Bank Reconciliation\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Accounting Principles: A Business Perspective\",\"author\":\"James Don Edwards, University of Georgia & Roger H. Hermanson, Georgia State University\",\"organization\":\"Endeavour International Corporation\",\"url\":\"\",\"project\":\"The Global Text Project\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-3176","chapter","type-chapter","status-publish","hentry"],"part":122,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/users\/17"}],"version-history":[{"count":22,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3176\/revisions"}],"predecessor-version":[{"id":5601,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3176\/revisions\/5601"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/parts\/122"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3176\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/media?parent=3176"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=3176"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/contributor?post=3176"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/license?post=3176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}