$1.$ Please prepare a bank reconciliation and journal entries for the month ended April $30$th for Bannon Co$.$

$($Excel template provided for both the Reconciliation and Journal Entries$)$

$1)$Balance per bank statement $ $9,915$

$2)$Balance per cash general ledger account $($books$)$ $ $8,954$

$3)$April $30$th deposit of $ $2,600$ is not on the bank statement $($Deposit in Transit$)$

$4)$Check numbers #$219$ for $ $1000$ and # $222$ for $ $1,100$ written in April $$do not appear on the April bank statement $($Outstanding Checks$)$

$5)$Debit memo for a $ $20$ service charge appeared on the bank statement

$6)$The bank incorrectly deducted $ $400$ from Bannon$$s checking account

$7)$The bank collected a note on behalf of the company in April, a credit$$memo for net proceeds of $ $2,000$ included the principal of $$1,900,$interest of $ $150,$ less a collection fee of $ $50$ accompanied the bank statement

$8)$A check from Apple Co$.$ for $ $150$ was returned by the bank marked NSF

$9)$The bank added $$40$ of interest earned directly to the checking account balance

$10)$An error on the part of the company was discovered when it was determined that a cash sale in the amount of $ $297$ was erroneously journalized by Bannon$$s bookkeeper for $$270.$

$11)$A payment to Orange Co$.($a creditor$)$ for $$51$ was erroneously journalized by the Bannon Co$.$ bookkeeper for $ $15$

$2.$ Please prepare journal entries related to the Allowance Method of the Accounting for Accounts Receivable for Kodiak Co$.$ for their second year of business. You must prepare the required journal entries during year $2,$ post the T$-$account for the Allowance for Doubtful Accounts, and complete the Aging of Accounts Receivable Schedule in order to journalize the adjusting journal entry at $12/31/2.$

Transactions for Year $2$:

$3/1$ Write$-$off uncollectible A$/$R from Blue $$5,000$

$7/1$ Write$-$off uncollectible A$/$R from Red $$3,000$

$9/1$ Write$-$off uncollectible A$/$R from Green $$2,500$

$12/1$ Collect $$1,250$ from Green $($previously written$-$off$)$

$12/31$ Prepare adjusting journal entry to provide for next year$$s write$-$offs.$($you must complete the aging schedule before you can make this journal entry$)$

Extra $5$ Points

Using the same completed Aging of Accounts Receivable Schedule, please provide the adjusting journal entry at $12/31/2$ assuming the Allowance for Doubtful Accounts has a credit balance of $$375$ at the end of year $2.$