Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Crystal Company based on the bank reconciliabon. If an amount box does not require an entry, latre it hiank The foliowing data were gathered to use in reconcling the bank account of Bradford Company: a. What is the adjusted balance on the bank reconciliation? b. Journolize any necessary entries for Bradford Company based on the bank, reconciliation. If an amount bax does not require an entry, leave it blank: Journalize the necessary entries for each of the following: a. Issued a check to establish a petty cash fund of $750. It an emount box does not require an entry, leave it blank. b. The amount of cash in the petty cash fund is 5240 . Issued a check to reptenish the tund, based on the following summary of petty cesh recelots: stort supplies, $300 and miscellaneous selling expense, $189. Record any missing funds in the coah shert and over nccount. If an omeunt box aoes not recuire an entry, leove it blank. Identify each of the following reconciling items as: a. an addition to the cash balance according to the bank statement b. a deduction from the cash balance according to the bank statement c. an addition to the cash balance according to the company's records d. a deduction from the cash balance according to the company's records (None of the transactions reported by bank debit and credit memos have been recorded by the company.) Item 1. Bank service charges, $90. 2. Check of a customer returned by bank to company because of insufficient funds, $520. 3. Check for $420 incorrectly recorded by the company as $240. 4. Check for $1,440 incorrectly charged by bank as $140. 5. Deposit in transit, $5,310. 6. Outstanding checks, $10,370. 7. Note collected by bank, $12,600. Journalize the entries to record the following: a. Check is issued to catablinh a petty cash fund of 5500 . b. The amount of cash in the petty cash fund is now $180. Check is issued to replenish the fund, based on the following summary of petty cact reeaipks: office supplies, $186; misceltaneous salling expenso, $77; miscellaneous administrative expense, $48, If the emourt of the cheoc ta repienish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account. Bank Reconcilation The following data were accumuloted for use in reconciling the bank account of Naknjima Co, for fuly: 1. Cash balance according to the company's records at Juty 31, $28,500. 2. Cash balence eccording to the bank statement at July 31,$30,050. 3. Chocks outstanding, $5,790. 4. Deposit in transit, not recorded by bank, $4,650. 5. A check for $270 issued in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconcillation, using the format shown in Exhibit 12 . b. If the balance sheet is prepared for Nakajima Co. on July 31, what amount should be reported for cash
