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Please show work thank you. El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each
Please show work thank you.
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: The company's general ledger checking account showed the following for December: The December bank statement contained the following information: The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for check #365. In addition, there are some December checks that had not been processed by the bank by the end of the month. Also, you discover that check #411 for $750 was correctly recorded by the bank but was incorrectly recorded on the books as a \$570 disbursement for advertising expense. Included in the bank's deposits is a $2,300 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of the Los Gatos Company. The NSF checks have not been redeposited and the company will seek payment from the customers involved. The NSF checks have not been redeposited and the company will seek payment from the customers involved. Required: 1. Prepare a bank reconciliation for the EI Gato checking account at December 31, 2021. 2. Prepare any necessary adjusting journal entries indicated. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. The NSF checks have not been redeposited and the company will seek payment from the customers involved. Required: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. 2. Prepare any necessary adjusting journal entries indicated. Complete this question by entering your answers in the tabs below. Prepare any necessary adjusting journal entries indicated. (If no entry is required for a transi required" in the first account field.) Journal entry worksheet Record adjustments to cash revealed by the bank reconciliation. Use the miscellaneous expense account to record the bank service charges. Note: Enter debits before credits
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