From the bank statement below, please (1) complete the bank reconcilia¬ tion for Rick’s Deli found on the reverse of the bank statement and (2) jour¬ nalize the appropriate entries as needed.

a. A deposit of $3,000 is in transit.

b. Rick’s Deli has an ending checkbook balance of $6,600.

c. Checks outstanding: no. Ill, $600; no. 119, $1,200; no. 121, $330.

d. Jim Rice’s check for $300 bounced due to lack of sufficient funds.LO.1 

Transcribed Image Text:

RIO MEAN BRAND BUGNA, TEXAS RICK'S DELI 8811 2ND ST, BUGNA, TEXAS Old Checks in Order New Balance of Payment Deposits Date Balance 6,000 2/2 6,000 90.00 210.00 2/3 5,700 150.00 300.00 2/10 5,850 600.00 600.00 2/15 5,850 300.00 NSF 300.00 2/20 5,850 1,200.00 1,200.00 2/24 5,850 600.00 30.00 SC 180.00 2/28 5,400