Bus$201-$AcctgI

Acct Rec

Bank Rec Project

The Cash account of BCD Associates on June $30,20$XX:

Cash

Check No$.$

$\backslash$table$[[$Beg$.$ Bal,$3,995,,,],[,,400,$Jun $05,102],[$Jun $06,800,3,010,$Jun $12,101],[$Jun $15,1,800,1,100,$Jun $19,103],[$Jun $23,1,100,500,$Jun $25,104],[$Jun $30,2,400,900,$Jun $27,105],[$Total$,10,095,5,910,$Total,$],[$End$.$ Bal,$4,185,,,]]$

BCD$\text{'}$s June bank statement shows the following:

Beginning Balance

$\frac{05}{31}$

$$3,995$

Deposits and other Credits:

$\backslash$table$[[$Deposit$,\frac{06}{07},$$$,800],[$Deposit$,\frac{06}{15},,1,800],[$ETF$-$Collection of note,$\frac{06}{17},,1,000],[$Deposit$,\frac{06}{24},,1,100],[$Interest$,\frac{06}{30},,15]]$

Total Deposits and Credits:

$\frac{4,715}{8,710}$

Subtotal

Checks:

Other Deductions:

EFT$-$EZ Rent

NSF Check

Total Drawings and Deductions:

Balance before deduction of Fees

Fees and Charges:

Service Charges

$\frac{06}{30}$

Total Fees and Charges:

Ending Balance:

$\frac{06}{30}$

BCD deposited all cash receipts in the bank and made all the payments by checks.

Check No $101,$ which was issued for $$3,100,$ erroneously recorded $$3,010.$

This check had been issued as a payment for utilities.

Requirements:

$1-$ Prepare the Bank Reconciliation of BCD Associates as of June $30,20xx.$

$2-$ Journalize the entries based on the Bank Reconciliation. Which adjustments should be journalized?

$3-$ Post journal entries related to cash to the Cash Account $($T$).$