BANK RECONCILIATION

The following data represents information necessary to assist in preparing the June $30,2022,$ bank reconciliation for Trimore Company.

The June $30$ bank balance was $$5,300.$

The general ledger cash account showed a balance of $$6,764$ on June $30$

The bank statement indicated a deduction of $$20$ for all bank service charges.

A customer deposited $$1,200$ directly $($electronic funds transfer$)$ into the bank account to settle an outstanding accounts receivable bill.

Cheque #$850$ for $$600$ and Cheque #$857$ for $$420$ have been recorded in the company ledger but did not appear on the bank statement.

A customer paid an amount of $$4,534$ to Trimore on June $30,$ but the deposit did not appear on the bank statement.

The accounting clerk made an error and recorded a $$200$ cheque as $$2,000.$ The cheque was written to pay the outstanding accounts payable account.

Cheque #$9574$ for $$100$ was deducted from Trimore's account by the bank. This cheque was not written by Trimore and needs to be reversed by the bank.

The bank included an NSF cheque in the amount of $$820$ relating to a customer's payment. The NSF service fee was $$10.$

Required

Dr on the bank side is a deduction $($decrease$).$ Cr on the bank side is an in

a$)$ Complete the bank reconciliation for Trimore Company. Dr on the Ledger side is an increase. Cr$.$ On the Ledger side is a decrease.

TRIMORE COMPANY

$\backslash$table$[[$BANK RECONCILIATION$],[30-$ Jun$-22],[$Cash balance per bank statement,,$$5,300,$Cash balance per General Ledger,$$66,764,],[$DR$,CR,,$DR$,$CR$],[,,,,,],[$Add:$,,,$Add:,,$],[,,$EFT Transfer,$1200,],[,,$Ledger Error,$1800,],[,,,,,],[,,,,,],[$Deduct: Outstanding cheques,,,Deduct:,,$],[,,$Bank Service Charges,,$20],[,,,,,],[$Adjusted Bank Balance,,,Adjusted General Ledger Balance,,$]]$

b$)$ Write the necessary journal entries to correct Trimore's records.

JOURNAL

$\backslash$table$[[$Date$,$Account Title and Explanation,Debit,Credit$],[30-$ Jun,Bank Service Charges Expense,$20,],[,$Cash,,$20]]$