Consider the following information and prepare bank reconciliation, along with any resulting journal entries, for Zcom Inc. for the month ended September 30, 2015.

Please enter journal entries for each of the following,

1. Outstanding deposit
2. Interest earned
3. NSF cheque
4. Bank service charge
5. Error
6. Notes receivable collected
7. Outstanding cheque

Zcom Inc.Bank Reconciliation

August 31, 2015

Bank statement balance

Bank statement balance16,000Book balance16,115

Add:Add:

Outstanding deposit1,150Interest earned5

17,15016,120

Deduct:

Outstanding cheques:

#405------------------- 1,050

Deduct:

Bank service charge20

Adjusted bank balance 16100adjusted book balance16,100

Bank Statement

To: Zcom Inc.September 30, 2015

Cheques/Charges/DebitsDeposits/CreditsBalance

16,000

#405September 20, 20151,050September 5, 20151,15016,100

#417September 20, 20151,350 September 7, 20151,20015950

#418 September 20, 20151,050September 12, 201513,5016,250

#419September 20, 20151,40014,850

#414September 20, 2015900 13,950

#415September 20, 20151,300 12,650

#416September 20, 201595011,700

#420September 20, 201584510,855

NSFSeptember 22, 201540010,455

Bank

ServiceSeptember 30, 201520 Interest earned610,441

charge

Cheque #420, for office supplies in the amount of $845 was recorded in the Cash Disbursements Journal incorrectly as $485. The NSF cheque for $400 was that of a customer.

CashAccount No. 101

Date Desc .PRDebitCredit Balance

31/AugBalance16,100

30/SepCR103,75019,850

30/SepCD129,73510,115

Deposits Made

September7

1,200

121,350

301,200

Total Cash Receipts in September3,750

Cheques Written

No.414900

4151,300

416950

4171,350

4181,050

4191,400

420485

4211,100

4221,200

Total Cash Disbursements in September9,735

a) Prepare bank reconciliation, for Zcom Inc. for the month ended September 30, 2015.

b) Prepare resulting journal entries, if any. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).