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Leaf Company received their bank statement for May 31, 2020, which showed the following: Ending bank balance of $24,635. Collection of $3,785 on a note
Leaf Company received their bank statement for May 31, 2020, which showed the following: Ending bank balance of $24,635. Collection of $3,785 on a note receivable. The deposit included $45 of interest which was accrued and recorded at the end of April. Bank fees of $45. A check from a customer for $365 was returned as NSF. A review of the company's ledger and journals showed the following: The ending general ledger balance in the cash account was $22,963. A deposit made on January 30th of $4,225 did not appear on the bank statement. Four checks were still outstanding: Number Amount 35995 $1,120 36110 291 36113 456 36114 628 . Total $2,495 A check written for payment on Accounts Payable correctly cleared the bank for $358 but was recorded in the books for $385. Instructions: A. Prepare a bank reconciliation in good form. B. Prepare journal entries related to the bank reconciliation
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