During the bank reconciliation process at A$.$ Fontes Consultancy on May $2,20$X$1,$ the following two errors were discovered in the firm's records.

a$.$ The checkbook and the general journal indicated that Check $2206$ dated April $17$ was issued for $$679$ to make a cash purchase of supplies. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $$32.$

b$.$ The checkbook and the general journal indicated that Check $2247$ dated April $20$ was issued for $$122$ to pay a utility bill. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $$148.$

Required:

Prepare the adjusted book balance section of the firm's bank reconciliation statement as of April $30,20$X$1.$ The book balance as of April $30$ was $$20,235.$ The errors listed above are the only two items that affect the book balance.

Prepare general journal entries to correct the errors. Check $2206$ was correctly debited to Supplies on April $17,$ and Check $2247$ was debited to Utilities Expense on April $20.$

Analyze:

If the errors described had not been corrected, would net income for the period be overstated or understated? By what amount?

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Bank Rec

General

Journal

Prepare the adjusted book balance section of the firm's bank reconciliation statement as of April $30,20$X$1.$ The book balance as of April $30$ was $$20,235.$ The errors listed above are the only two items that affect the book balance.

Please post genral journal and what net income would have been