Determine whether the following items included in Wong Company’s January Year 1 bank reconciliation will require adjustments to the book balance of Wong’s cash account and indicate the amount of any necessary adjustment.a. Service charges of $50 for the month of January were listed on the bank statement.
b. The bank charged a $250 check drawn on Wing Restaurant to Wong’s account. The check was included in Wong’s bank statement.
c. A check of $62 was returned to the bank because of insufficient funds and was noted on the bank statement. Wong received the check from a customer and thought that it was good when it was deposited into the account.
d. A $990 deposit was recorded by the bank as $980.
e. Four checks totaling $810 written during the month of January were not included with the January bank statement.
f. A $75 check written to OfficeMax for office supplies was recorded in the general journal as $57.
g. The bank statement indicated that the bank had collected a $450 note for Wong.
h. Wong recorded $900 of receipts on January 31, Year 1, which were deposited in the night depository of the bank. These deposits were not included in the bank statement.