1. The opening BANK balance is:

2. The Opening BOOK Balance is:

3. The interest earned ($28) is a reconciling item to:

4. The Deposits In Transit are a minus to the Bank's opening balance of $82,500?

5. The error in Check 1115 should be recognized as a reconciling item to the:

6. The "credit memorandum" ($18,000) and the corresponding "collection fee" is a reconciling item for:

7. The ending Bank Balance is:

8. The ending Book Balance is:

9. The journal entry to record the $300 error to check 1115 includes:

10. The journal entry to record the $18,000 credit memorandum is:

1. $95,250 $82,500 $11,317 $18,000 $45 a. Prepare a bank reconciliation for Cole Co. assuming the following as of May 31: 1) The company's cash account as a debit balance of: 2) The bank statement shows a balance of: 3) April 30 outstanding checks: 5) A credit memorandum was received by the bank, but not recorded by Cole Co. by May 31 a) Cash collected by the bank: b) Collection fee deducted by bank: 6) Check 1115 was written and drawn for $1,350 but was erroneously entered in the accounting records as $1,050. The check was for rent. 7) May 31st daily cash sales were deposited but did not appear on the May 31 bank statement. 8) Interest earned, but not recorded: Cole Co. Bank Reconciliation $41,750 $28