250 Chapter 3 Exercise 8-9 Adams Enterprises began operations on January 2, 2017, depositing $10,000 in the bank. During this first month of business, the following transactions occurred that affected the Cash account in the general ledger $10.000 $12.00 16 000 16.000 Description Deposit Payment cheque 001 Payment, cheque 002 Cash sales Payment, cheque 003 Cash sales Bank loan Equipment purchase, cheque 004 Payment on account, cheque 005 Cash sales 10.000 12.000 50,000 17.000 25.600 Shortly after the end of January the company received its first bank statement Withdrawals Deposits Balance Jan01 Jan 02 00000 12.000 16.000 16,000 Description Balance Forward Deposit Ch 001 Deposit Ch 002 Deposit Bank Loan Chq#004 Deposit Service Charge Interest 12.000 50.000 Jan 09 Jants Jan18 Jan 20 Jan 28 Jan 29 40,000 28.000 44.000 28.000 40.000 90,000 16.000 18.000 17,952 17,960 74,000 2,000 Jan 31 102.048 120,00 In preparing to do the bank reconciliation, Adams Enterprises noticed that the $2,000 deposit on January 29 was a bankerror and informed the bank. The bank will correct the error on the next bank statement. Required Prepare Adams Enterprises' bank reconciliation at January 31, 2017