Pelzer Company reconciled its bank and book statement balances of Cash on August 31 and showed two cheques outstanding at that time, #5888 for $6,160 and #5893 for $1.473.00. The following information was available for the September 30, 2020. reconciliation: From the September 30, 2020, bank statement Balance of previous statement on Aug. 31/20 6 deposits and other credits totalling 9 cheques and other debits totalling Current balance as of Sept. 30/20 10,584.00 21,240.00 25,885.00 6,739.00 Transaction Description + Deposit + Interest + Credit Meno Date Sept. 85 12 17 21 Date Sept. 03 07 08 10 Chequing Account Transactions Transaction Description Date Amount + Deposit Sept. 25 3,845.00 + Deposit 30 43.80 - NSF cheque 30 3,496.00 Deposit Amount Date Cheque No. 9,340.55 Sept. 22 5888 1,450.00 24 5909 327.00 28 5907 1,274.00 29 5902 Amount 5,546.00 2,478.00 311.45 5,932.00 Cheque No. 5904 5901 5905 5903 Amount 6,160.00 2,064.00 3,208.00 958.89 Cheques Written No. 5901 5902 5903 5904 5905 5906 5907 5908 5909 $ 1,450.00 950.00 1,274.00 3,940.55 327.00 692.09 3,288.00 826.00 2,064.00 $14,731.55 Total Sept. Cash Disbursements 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 $3,546 for a customer payment. The bank had deducted a $50.00 bank service charge. The collection has not been recorded. Required: 1. Prepare o September 30 bonk 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 Book balance of cash Add: Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance 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 > Record interest earned. 2 Record EFT less bank service charge. * Record NSF cheque. 4 Record to correct error in Cheque #5904. i Credit Note : - journal entry has been entered Record entry Clear entry View general journal From Pelzer Company's accounting records: Cash Explanation PR Debit Credit Acct. No. 101 Balance Date 2020 Aug. Sept. Balance 31 30 30 CR12 19,266.00 2,859.00 22,125.00 7,393.45 CD23 14,731.55 Deposits Made Sept. 5 12 21 25 30 Total Sept. Cash Receipts $ 5,546.00 2,470.00 5,932.80 3,845.00 1,473.00 $19,266.00
