Bank Reconciliationand Entries

Rancho Foods deposits allcashreceipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile thebank statementas of May 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.

CASH ACCOUNT:Balance as of May 1$9,578.00CASH RECEIPTS FOR MONTH OF MAY$5,255.89DUPLICATE DEPOSIT TICKETS:Date and amount of each deposit in May:DateAmountDateAmountDateAmountMay 2$569.50May 12$580.70May 23$ 731.455701.8016600.1026601.509189.2419701.2631580.34CHECKS WRITTEN:Number and amount of each check issued in May:Check No.AmountCheck No.AmountCheck No.Amount614$243.50621$309.50628$ 837.70615350.10622Void629329.90616279.90623Void630882.80617395.50624707.016311,081.56618435.40625185.6363262.40619320.10626550.03633310.08620238.87627318.73634503.30Total amount of checks issued in May$8,342.01

bank reconciliation as of May 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales except for the note receivable of $4,000 and interest of $160 collected on May 14. All checks are written to satisfy accounts payable. If required, round your answers to the nearest cent.

Rancho FoodsBank ReconciliationMay 31, 20Y8Cash balance according to bank statement$

$

No. 613$No. 628No. 634Adjusted balance$Cash balance according to Rancho Foods$

$

$

$

Adjusted balance$