Bank Reconciliation

Bank Reconciliation The bank reconciliation made by Sandler Company, a sole proprietorship on March 31showed a deposit in transit of $1.100 and two outstanding checks No. 797 for $150 and No. 801 for $90. The conciled cash balance on March 31 was s11.20 The following bank statement is available for April 2010 Bank Statement TO Sandler Company Fairbanks, AK Deposits No Date 2.. 31.100 504 Apr 1680 507 1250 808 1020 340810 790 811 1340813 1,160814 SON NSF sc April 30 FAIRBANKS NATIONAL BANK Charges Date Balance M 31....... $11.960 $ 990 Apr. .. 13.060 730 12.170 1.140 1120 88 12.392 1,040 13086 12.046 540 12.386 600 12,576 500 12.376 16556 A list of deposits made and checks written during April is shown below: Checks Written Deposits Made 08 1.140 51.680 N807 1.250 1020 840 810 1,040 272 948 1,340 1,160 1.425 $9.505 812 813 814. 815 816 500 600 322 375 $2.355 The Cash in Bank account balance on April 30 was $13.870. In reviewing checks returned by the bank, the accountant discovered that check No. 811, written for $326 for delivery expense, was recorded in the cash disbursements journal as $272. The NSF check for S500 was that of customer R. Koppa, deposited in April. Interest for April added to the account by the bank was 560. Required c. Prepare a bank reconciliation for Sandler Company at April 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation Name - BOOKS s Balance as per Bank Statement ADO: DEDUCT Adjusted Cash Balance Adjusted Cash Balance General Journal Account Title Date PR Debit Credit