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18 points Save Answer Brown Corporation's bank statement for September 30 showed a balance of $1,350. The company's Cash account in its general ledger showed
18 points Save Answer Brown Corporation's bank statement for September 30 showed a balance of $1,350. The company's Cash account in its general ledger showed a $995 debit balance. The following information was also available as of September 30. a. A $125 NSF check was returned to Brown Corporation. b. The September 30 cash receipts, $1,250, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c. A $15 checks printing fee was charged on September 30 bank statement. d. Outstanding checks amounted to $1,145. e. A customer's note for $875 was collected by the bank. f. Included with the canceled checks was a check for $275, drawn on another company, Browne Inc REQUIRED: (a) Prepare a bank reconciliation as of September 30. (b) Prepare any necessary adjusting journal entries necessary as a result of the bank reconciliation
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