Bank Reconciliation The Seattle Boat Company's bank statement for the month of September Indicated a balance of $14,000. The company's cash account in the general ledger showed a balance of $11,318 on September 30. Other relevant information includes the following: 1. Deposits in transit on September 30 total $10,400 2. The bank statement shows a debit memorandum for a check printing charge of $80. 3. Check number 238 payable to Simon Company was recorded in the accounting records for $496 and cleared the bank for this same amount. A review w of the records indicated that the Simon account now has a 572 credit balance and the check to them should have been $568 4. Outstanding checks as of September 30 totaled 511,600, 5. Check No 276 was correctly written and paid by the bank for $818. The check was recorded in the accounting records as a debito accounts payable and a credit to cash for $980, 6. The bank returned a NSF check in the amount of $1,120 7. The bank included a credit memorandum for $2,520 representing a collection of a customer's note. The principle portion was $2400 and the interest portion was $120. The interest had not been accrued. $ 14,000 10,400 Note: Do not use negative signs with any of your answers. SEATTLE BOAT COMPANY Bank Reconciliation September 30 Cash Balance per Bank $ Add: Deposit in Transit Less: Outstanding Checks Reconciled Cash Balance per Bank $ Cash Balance per Books $ Add: Accounts Payable Error 162 Add: Collection of Note 2.400 x Less: Check Printing Charge 1,120 x Less: NSF Check BOX Reconciled Cash Balance per Bank 12,800 11,318 5 . 7 X > 2X $ 12.800 Debit 80 X $ Credit 0 0 80 X 20 x 0 GENERAL JOURNAL Date Description Sept 30 Miscellaneous Expense X $ Cash To correct check error in recording check No. 276. 30 Cash Notes Receivable Accounts Receivable To record note collection by bank. 30 Cash Notes Receivable + X To record check printing charge. 30 Interest Earned Miscellaneous Expense To record NSF check. 0 20 X 550 X 550 X 2,520 X 0 2,400 X O X X 0.X 0 120 X 0 x