$47, payable to Jardin Company (a creditor), was recorded in the checkbook and Joumal as $74 On August 31, Bagisk and Company receives its bank statement (shown below). The company deposits its receipts in the bank and makes all payments by check. The debit memo for 195 is for an NSF check written by Pets. Check no. 925 for The ledger balance of cash as of August 31, is $1,563. Outstanding checks as of August 31 are no 928, 5150 and no. 929, 5292. The accountant notes that the deposit of August 31 for $599 did not appear on the bank statement PEABODY NATIONAL BANK STATEMENT OF Baginski and Company ACCOUNT NO ACCOUNT 416 Seneca Avenue 152-655-217 Kansas City, Missouri 64102 STATEMENT DATE August 1 to 31, 20- SUMMARY Balance Last Statement 5961.00 Amount of Checks and Debits 12,200.00 Number of Checks 11 Amount of Deports and Credits $2,651.00 Number of Deposits Balance This statement $1.323.00 CHECKS/OTHER CHECK DATE CHECK DATE DEBITS CHORS NUMER POSTED AMOUNT NUMBER POSTED AMOUNT 917 172.00 8-09 621.00 918 1-04 75.00 37.00 919 3-05 8-17 206.00 41.00 3 3-07 927 921 922 200.00 DESCRIPTION DEBITS AMOUNT POSTED . 31 95.00 OM SF dhe Service charge 15.00 DATE DEPOSITS/ OTHER CREDITS DATE POSTED AMOUNT DEPOSITS POSTED AMOUNT ULU 1.00 922 8-07 200.00 OTHER DATE DEBITS DESCRIPTION POSTED AMOUNT DM NSF check 8-31 195.00 DM Service charge 8-31 15.00 DEPOSITS/ DATE DATE OTHER CREDITS DEPOSITS POSTED AMOUNT POSTED AMOUNT 8-02 326.00 8-18 419.00 8-05 412.00 8-24 398.00 8-09 437.00 8-28 291.00 8-14 368.00 PLEASE EXAMINE THIS STATEMENT CAREFULLY. REPORT ANY POSSIBLE ERRORS WITHIN 10 DAYS. CODE SYMBOLS CM Credit Memo DM Debit Memo OD Overdraft EC Error Correction 1. Prepare a bank reconciliation as of August 31 assuming that the debit memos have not been recorded. Baginski and Company Bank Reconciliation August 31, 20-- Bank Statement Balance DI DUDU Adjusted Bank Statement Balance Ledger Balance of Cash Adjusted Ledger Balance of Cash 2. Record the necessary journal entries. GENERAL JOURNAL PAGE DATE DESCRIPTION POST. REF. DEBIT CREDIT 20- Aug. 31 Error in recording Ck. No. 925 payable to Jardin Company, Aug. 31 NSF check received from L. Pitts. Aug. 31 Bank service and collection charges. 3. Complete the bank form to determine the adjusted balance of cash. BANK BALANCE SHOWN ON THIS STATEMENT $ ADD DEPOSITS NOT SHOWN ON THIS STATEMENT (IF ANY) TOTAL SUBTRACT CHECKS OUTSTANDING UI BALANCE