Petty Company reconciled its bank and book statement balances of Cash on August 31 and showed two cheques outstanding at that time, #5888 for $6,140 and #5893 for $1,468.00. The following information was available for the September 30, 2020, reconciliation:

From the September 30, 2020, bank statement:

Balance of previous statement onAug. 31/2010,548.006 deposits and other credits totalling21,033.009 cheques and other debits totalling24,865.00Current balance as ofSept. 30/206,716.00

Chequing Account TransactionsDateAmountTransaction

DescriptionDateAmountTransaction

DescriptionSept.055,527.00+ DepositSept. 253,798.00+ Deposit122,462.00+ Deposit3042.00+ Interest17302.45 NSF cheque303,494.00+ Credit memo215,860.00+ DepositDateCheque No.AmountDateCheque No.AmountSept.0359049,340.55Sept. 2258886,140.000759011,449.002459092,014.00085905319.002859073,130.001059031,243.00295902927.00

From Petty Company's accounting records:

CashAcct. No. 101DateExplanationPRDebitCreditBalance2020Aug.31Balance2,790.00Sept.30CR1218,801.0021,591.0030CD2314,503.557,087.45

Deposits MadeSept.5$5,527.00122,462.00215,860.00253,798.00301,154.00Total Sept. Cash Receipts$18,801.00

Cheques WrittenNo.5901$1,449.005902927.0059031,243.0059043,940.555905319.005906675.0059073,130.005908806.0059092,014.00Total Sept. Cash Disbursements$14,503.55

• 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 $3,544 for a customer payment. The bank had deducted a $50.00 bank service charge. The collection has not been recorded.

Required:

1.Prepare September 30 bank reconciliation for the company.(Round your answers to 2 decimal places.)

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.)