Instructions

Miller Corporation's December $31,2019,$ bank statement showed a $$2,049\mathrm{.}25$ balance. On this date, Miller's Cash account reflected a $$325\mathrm{.}60$ overdraft. In reconciling these amounts, the following information is discovered:

Cash on hand for undeposited sales receipts, December $31,$$$130\mathrm{.}25.$

Customer NSF check returned with bank statement, $$420\mathrm{.}40.$

Cash sales of $$640\mathrm{.}25$ for the week ended December $18$ were recorded on the books. The cashier

reports this amount missing, and it was not deposited in the bank.

Note receivable of $$2,500$ and interest of $$25$ collected by the bank and not recorded on the books.

Deposit in transit December $31,$$$350\mathrm{.}00.$

A customer check for $$290\mathrm{.}40$ in payment of its account was recorded on the books at $$940\mathrm{.}20.$

Outstanding checks, $$2,040\mathrm{.}55.$ Includes a duplicate check of $$70\mathrm{.}85$ to C$.$ Brown, who notified Miller

that the original was lost. Miller stopped payment on the original check and has already adjusted the cash account in the accounting records for this amount.

Required:

Prepare a December $31$ bank reconciliation for Miller.

Prepare any journal entries necessary by Miller to record the information from Requirement $1.$

Prepare a December $31$ bank reconciliation for Miller.

Bank Reconciliation Instructions

Miller Corporation

Bank Reconciliation

December $31,2019$

$\backslash$table$[[1,$Balance from bank statement,$$2,049\mathrm{.}25$