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Bardash Corporation has just received its checking account statement for the month ended September 30. The bank's statement of account showed the following: Bank

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Bardash Corporation has just received its checking account statement for the month ended September 30. The bank's statement of account showed the following: Bank balance, September 1 Deposits during September Checks cleared during September Bank service charge Interest earned EFT received from Bardash customer NSF check written by Bardash customer Bank balance, September 30 $1,150 650 900 25 5 20 (15) 885 The bank had not yet reported a deposit of $50 made on September 29 and a Bardash check for $200 had not cleared its account. Bardash's September 30 Cash balance was $759. The com- pany's accountant discovered that one of Bardash's checks for $19 paid on account to a supplier had been recorded as $10. Required: 1. Complete the September bank reconciliation. What adjustments, if any, does Bardash need to make? 2. Why is it important for individuals and businesses to prepare a bank reconciliation each month?

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