Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 31 showed: Deposit in transit of $1,280 Outstanding checks no.597 $830 no.603 $640 The reconciled cash balance on August 31 was $14,110 The following bank statement is available for September: 640 Bank Statement TO Winton, Inc. September 30 St. Louis, MO STATE BANK Date Deposits No. Date Charges Date Balance Sept. 1 $1,280 597 Sept. 1 $830 Aug. 31 $14,300 2. 1,120 607 5 1,850 Sept. 1 14,750 5 850 608 5 1,100 2 15,870 9 744 609 9 552 5 13,770 15 1,360 610 8 8 13,130 17 1,540 611 17 488 9 13,322 25 1,028 612 15 674 15 14,008 30 680 614 25 920 17 15,060 NSF 29 1,028 25 15,168 SC 30 36 29 14,140 30 14,784 Item codes EC: Error Correction DM: Debit Memo CM: Credit Memo SC: Service Charge OD: Overdraft RT: Returned Item IN: Interest Earned NSF: Non-sufficient Funds A list of deposits made and checks written during September is shown below: Deposits Made Checks Written Sept. 1 $1,120 No. 607 $1,850 4 850 608 1,100 8 8 744 609 552 12 610 640 1,360 1,540 1,028 16 24 611 488 746 612 29 30 680 1,266 $8,588 613 310 614 920 615 386 616 420 $7,412 The Cash in Bank account balance on September 30 was $15,286. In reviewing checks returned by the bank, the accountant discovered that check No. 612 written for $674 for advertising expense, was recorded in the cash disbursements journal as $746. The NSF check written for $1,028, which Winton deposited on September 24, was a payment on account from customer D. Walker. Required a. Prepare a bank reconciliation for Winton, Inc., at September 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. Bank reconciliation Journal entries WINTON, INC. Bank Reconciliation September 30 0 $ $ 0 0 0 Add: Check No. 612 for 0 recorded as 0 0 0 Less: NSF Check of D. Walker 0 Less: Outstanding checks (list in numerical order) Check no. Amount 603 0 . 0 0 O 0 0 0 0 0 o o $ $ 0 General Journal Description Date Debit Credit Sept 30 $ 0 $ 0 0 0 To correct error in recording check 612. 30 0 0 0 0 To reclassify NSF check as an accounts receivable. 30 0 0 0 0 To record bank service charge