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50) The following information is available to reconcile Hinckley Company's book balance of cash with its bank statement cash balance as of June 30. The
50) The following information is available to reconcile Hinckley Company's book balance of cash with its bank statement cash balance as of June 30. The June 30 cash balance according to the accounting records is $57,542, and the bank statement cash balance for that date is $67,047. a. The bank erroneously cleared a $295 check against the account in June that was not issued by Hinckley. The check documentation included with the bank statement indicates the check was actually issued by Dancer Company. b. $125 interest earned on Hinckley's cash balance in the bank is not yet recorded by Hinckley. c. The bank collected $8,970 cash on a note receivable for Hinckley. Hinckley did not record this transaction before receiving the statement. d. An $865 NSF check received from a customer is shown on the bank statement, but not yet recorded by Hinckley Company. e. Hinckley's June 30 daily cash receipts of $6,425 were placed in the bank's night depository on that date, but do not appear on the June 30 bank statement. f. Check Number 1737 for $4,830 and Check Number 1740 for $3,280 were outstanding checks at June 30. g. The bank fee for $115.00 is shown on the bank statement, but not yet recorded by Hinckley Company | 1. Prepare the bank reconciliation for this company as of June 30. 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of June 30
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