In$-$class Exercise #$2-$ Preparation of a Bank Reconciliation $($from Fundamental Accounting Principles, Wild, Shaw and Chiappetta, $21"$ ed$)$

Nolan Company deposits all cash receipts on the day when they are received, and it makes all cash payments by check. At the close of business on June $30,$ its Cash account shows a $$22,352$ debit balance. Nolan's June $30$ bank statement shows $$21,332$ on deposit in the bank. Prepare a bank reconciliation for the Company using the following information.

Outstanding checks as of June $30$ total $$3,713.$

The June $30$ bank statement included a $$41$ debit memorandum for bank services; the company has not yet recorded the cost of these services.

In reviewing the bank statement, a $$90$ check written by the Company to pay the telephone bill was mistakenly recorded in the company's books at $$99.$

June $30$ cash receipts of $$4,724$ were placed in the bank's night depository after banking hours and were not recorded on the June $30$ bank statement.

The bank statement included a $$23$ credit for interest earned on the cash in the bank.

$\backslash$table$[[\backslash$table$[[$Nolan Company$],[$Bank Reconciliation$],[$As of June $30]]],[$Balance per Bank,,Balance per Books,$],[,,,],[,,,],[,,,],[,,,]]$

Prepare the required journal entries and post them to the Cash general ledger account:

CASH