Concord Company's bank statement for the month ended January 31 showed a balance per bank of $34,728. The company's Cash balance at January 31 was $16,440. Other information is as follows: 1. 2. 3. 4. 5. 6. 7. Cash receipts for January were $87,679, of which $5,200 was outstanding at January 31. The bank statement shows a debit memorandum for $70 for cheque printing charges. Cheque no. 119 payable to Pharoah Company was recorded in the general journal and cleared the bank for $278. A review of the Accounts Payable subsidiary ledger shows a $66 credit balance in the account of Pharoah Company and that the payment to it should have been for $344. The total amount of cheques written during January was $74,996, of which $5,849 was outstanding at January 31. Cheque No. 127 was correctly written and paid by the bank for $456. The general journal reflects an entry for cheque no. 127 as a debit to Accounts Payable and a credit to Cash for $465. The bank returned an NSF cheque from a customer for $620. The bank included a credit memorandum for $18,320, which represents an EFT collection of a customer's account.

Prepare bank reconciliation for Concord Company at January 31.