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Fardash Corporation has just received a bank statement for its checking account for the month ended September 30. The bank statement showed the following: Description
Fardash Corporation has just received a bank statement for its checking account for the month ended September 30. The bank statement showed the following: Description Deposits Date Withdrawals BALANCE Sept. 1 Sept. 10 Sept 20 Sept. 22 Sept 30 Sept 30 Sept 30 Deposit Checks Essay Service charge Interest Note receivable NSF Bardash customer $650 $25 $20 $900 Toolbar navigation $5 $15 $1,150 $1,800 $900 $875 $880 $900. The bank had not yet reported a deposit of $50 made on September 29. As well, a Bardash check for $200 has not yet cleared its account. Bardash's cash balance on September 30 is $759. The company's accountant discovered that one of Bardash's checks for $19, paid on account to a supplier had been recorded as $10. REQUIRED: (a) Prepare a bank reconciliation; AND (b) prepare all necessary journal entries. (19 Marks) $885
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