Pelzer Company reconciled its bank and book statement balances of Cash on August 31 and showed two cheques outstanding at that time #5888 for $6,270 and #5893 for $1.498.00 The following information was available for the September 30, 2020, reconcillation: From the September 30, 2020, bank statement Balance of previous statement on Aug. 31/28 6 deposits and other credits totalling 9 cheques and other debits totalling Current balance as of Sept. 30/20 10,763.00 22,759.00 26,670.00 6,852.80 Date Sept. 05 12 17 Transaction Description Deposit + Interest + Credit nemo Amount 5,690.00 2,583.00 933.45 6,459.00 Cheque No. 5904 5901 5905 5903 Chequing Account Transactions Transaction Description Date Amount + Deposit Sept. 25 4.264.00 + Deposit 30 48, - TSF cheque 30 3,506.00 + Deposit Amount Date Cheque No 9.340.55 Sept. 22 5883 1,450.00 24 5900 362.00 20 5907 1,412.00 29 5902 Date Sept. 03 07 08 10 Acount 6,270.00 2,269.00 3.556.00 1,054.00 From Pelzer Company's accounting records Cash Explanation PR Debit Credit Acct. No. 101 Balance Date 2020 Aug Sept. Balance 31 30 CR12 21,388.00 C023 3,174.00 24,562.00 8,813.45 15,748.55 Deposits Made Sept. 12 21 25 30 Total Sept. Cash Receipts $ 5,690.00 2,583.00 6,489.00 4,264.00 2362.00 521,338.00 Cheques written No. 5901 5902 5903 5904 5905 5906 5907 5900 5909 Total Sept. Cash Disbursements 5 1.453.00 1,054.00 1.412.00 3,940.55 362.02 766.00 3,556.00 916.00 2,289.00 $15,748.55 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 a 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 Willis, 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 $3,556 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 places.) PELZER COMPANY Bank Reconciliation September 30, 2020 Bank Statement Company's Books Bank statement balance Add: Book balance of cash Add: Deduct: Deduct: 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.) View transaction list Journal entry worksheet 1 2 3 4 Record interest earned titet Enter debits before credits General Journal Debit Credit Date Sep 30 Journal entry worksheet 1 3 4 Record EFT less bank service charge. Note: Enter debits before credits Date General Journal Debit Credit Sep 30 Journal entry worksheet Record to correct error in Cheque #5904. Note: Enter debits before credits Date General Journal Debit Credit Sep 30
