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Pelzer Company reconciled its bank and book statement balances of Cash on August 31 and showed two cheques outstanding at that time, $5888 for $6.080
Pelzer Company reconciled its bank and book statement balances of Cash on August 31 and showed two cheques outstanding at that time, $5888 for $6.080 and $5893 for $1,453.00. The following information was avalable for the September 30,2023 , reconciliation: From the September 30,2023 , bank statement: From Peizer Company's accounting records - Cheque #5904 was correctly written for $9,340.55 to pay for computer equipment, however, the bookkeeper misread the amount and entered it in the accounting records with o debit to Computer Equipment and a credit to Cash as though it were for $3.940,55. The NSF cheque was originally received from a customer. Lisa Wilis, in payment of her account. its return was not recorded when the bank first notified the company. - The credit memo resulted from an electronic fund transfer of $3.538 for a customer payment. The bank had deducted a $50.00 bank service charge. The collection has not been recorded. Required: 1. Prepare a September 30 bank reconciliation for the company. (Round your answers to 2 decimal ploces.) 2. Prepare the General Journal entries needed to adjust the book balance of cash to the reconciled balance. (Round your answers to 2 decimal places.) Journal entry worksheet Record interest earned. Note: Enter debis before credits
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