El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: 12.5 points $3,341 1,310 $134 212 eBook Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 97 200 Print (710) $3, 941 Reference The company's general ledger checking account showed the following for December: Balance, December $ 3,941 Receipts 43,750 Disbursements (42,953) Balance, December $ 4.738 31 The December bank statement contained the following information: Balance, December 1 $ 3,341 Deposits 44,100 Checks processed (43,018) Service charges (33) NSF checks (550) Balance, December $ 3,840 31 The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for check #365. In addition, there are some December checks that had not been processed by the bank by the end of the month. Also, you discover that check #411 for $420 was correctly recorded by the bank but was incorrectly recorded on the books as a $240 disbursement for advertising expense. Included in the bank's deposits is a $2,400 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of the Los Gatos Company. The NSF checks have not been redeposited and the company will seek payment from the customers involved. Required: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, 2021 2. Prepare any necessary adjusting journal entries indicated. Complete this question by entering your answers in the tabs below. customers involved. eBook Required: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. 2. Prepare any necessary adjusting journal entries indicated. Print Complete this question by entering your answers in the tabs below. Reference Required Required 2 Prepare any necessary adjusting journal entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjustments to cash revealed by the bank reconciliation. Use the miscellaneous expense account to record the bank service charges. Note: Enter debits before credits. Event General Journal Debit Credit Record entry View general journal Clear entry Required 1 Required 2
