The books have been closed for the first year of business for Smith Computer Center. The company ended up with a marginal profit for the first three months in operation. Thad expects faster growth as he enters a busy season.

Following is a list of transactions for the month of October. Petty Cash account #1010 and Miscellaneous Expense account #5100 have been added to the chart of accounts.

Because Thad was so busy trying to close his books, he forgot to reconcile his last three months of bank statements. A list of all deposits and checks written for the past three months (each entry is identified by chapter, transaction date, or transaction letter) and the bank statements for July through September are provided. The statement for October won't arrive until the first week of November.

Assignment
1. Record the transactions in general journal and auxiliary petty cash record.
2. Post the transactions to the general ledger accounts.
3. Prepare a trial balance.
4. Compare the Smith Computer Center’s deposits and checks with the bank statements and complete a bank reconciliation as of September 30, 201X.