Miller Corporations December 31, 2016, bank statement showed a $2,055.25 balance. On this date, Millers Cash account reflected a $364.60 overdraft. In reconciling these amounts, the following information is discovered:

1.	Cash on hand for undeposited sales receipts, December 31, $129.25.
2.	Customer NSF check returned with bank statement, $419.20.
3.	Cash sales of $624.25 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.
4.	Note receivable of $2,300.00 and interest of $23 collected by the bank and not recorded on the books.
5.	Deposit in transit December 31, $320.00.
6.	A customer check for $380.30 in payment of its account was recorded on the books at $830.30.
7.	Outstanding checks, $2,039.55. Includes a duplicate check of $62.85 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:
1.	Prepare a December 31 bank reconciliation for Miller.
2.	Prepare any journal entries necessary by Miller to record the information from Requirement 1.

CHART OF ACCOUNTS

Miller Corporation

General Ledger

	ASSETS
111	Cash
121	Accounts Receivable
125	Notes Receivable
141	Inventory
152	Prepaid Insurance
181	Equipment
198	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable
231	Salaries Payable
250	Unearned Revenue
261	Income Taxes Payable

	EQUITY
311	Common Stock
331	Retained Earnings

	REVENUE
411	Sales Revenue
431	Interest Income

	EXPENSES
500	Cost of Goods Sold
511	Insurance Expense
512	Utilities Expense
521	Salaries Expense
532	Bad Debt Expense
540	Interest Expense
541	Depreciation Expense
559	Miscellaneous Expenses
632	Loss from Missing Deposit
910	Income Tax Expense

Amount Descriptions

Adjusted cash balance

Cash on hand

Deposit in transit

Error in recording

Interest on note

Missing deposit

Note collected by bank

NSF check returned

Outstanding checks

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
1
2
3
4
5
6

Prepare a December 31 bank reconciliation for Miller. Additional Instructions

Miller Corporation

Bank Reconciliation

December 31, 2016

1	Balance from bank statement
2	Add:
3
4
5
6
7	Deduct:
8
9	Adjusted cash balance
10
11	Balance from company records
12	Add:
13
14
15
16
17	Deduct:
18
19
20
21
22	Adjusted cash balance