1. Determine the August 31st ending cash balance per the books.

2. Determine the August 31st ending cash balance per the bank.

3. Prepare the reconciliations from both the Company Books and Bank Statement to the correct cashbalance at August 31st. Assume any errors were made by Patnoe.

4. Prepare the adjusting journal entries necessary at August 31, 2015.

ACCT: 2100 Spring 2016 Chapter 6 Take-Home Quiz The July 31, 2015 bank reconciliation for Patnoe Corporation showed the following information: Patnoe Books Bank Statement July 31, 2015 Ending Cash Balance $15,325.00 $18,412.20 Outstanding Checks Check Number Amount 8451 $1,453.70 8470 444.20 8471 896.90 8472 422.60 8474 1,000.00 Following are the details of the August cash activity from the bank statement and from the company records: Checks Date Number Deposits Amount Date Amount 1-Aug 8451 $1,453.70 1-Aug $1,130.20 1-Aug 8470 444.20 4-Aug 1,211.60 2-Aug 8471 896.90 8-Aug 990.10 5-Aug 8474 1,000.00 13-Aug 2,575.00 4-Aug 8475 1,640.70 18-Aug 10,472.70 8-Aug 8476 2,830.00 21-Aug 1,530.00 10-Aug 8477 600.00 25-Aug 2,567.30 15-Aug 8479 1,800.00 28-Aug 1,650.00 18-Aug 8480 10,330.00 30-Aug 1,186.00 27-Aug 8481 695.40 30-Aug 8483 575.50 29-Aug 8486 940.00 Total Total $23,312.90 $23,206.40 Patnoe Cash Date Patnoe Cash Payments Journal Number Amount Date Number Amount Receipts Journal Date Amount 1-Aug 8475 $1,640.70 20-Aug 8483 $575.50 3-Aug $1,211.60 2-Aug 8476 2,830.00 22-Aug 8484 629.50 7-Aug 990.10 2-Aug 8477 600.00 23-Aug 8485 197.70 12-Aug 2,575.00 4-Aug 8478 538.20 24-Aug 8486 940.00 17-Aug 10,472.70 8-Aug 8479 1,008.00 $19,997.00 20-Aug 1,530.00 10-Aug 8480 10,330.00 24-Aug 2,567.30 15-Aug 8481 695.40 27-Aug 1,650.00 18-Aug 8482 12.00 29-Aug 1,186.00 30-Aug 320.00 $22,502.70 Your analysis of the bank statement showed the following additional August activity: 1. The bank automatically deposited a $1,000 property tax refund check into Patnoe's account. 2. The bank statement showed a $40 charge for a $115 check returned for insufficient funds. 3. Patnoe earned interest on the account of $80. 4. The bank automatically deducts Patnoe's mortgage note payment every month. The August payment included $2,900 of principal and $250 of interest. Required: 1. Determine the August 31st ending cash balance per the books. 2. Determine the August 31st ending cash balance per the bank. 3. Prepare the reconciliations from both the Company Books and Bank Statement to the correct cash balance at August 31st. Assume any errors were made by Patnoe. 4. Prepare the adjusting journal entries necessary at August 31, 2015