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Prepare a bank reconciliation as of July 31 for Irish Company with any journal entries needed. Problem D: The following transactions relate to the petty

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Prepare a bank reconciliation as of July 31 for Irish Company with any journal entries needed. Problem D: The following transactions relate to the petty cash fund of Jarvis Wrecking Company. Apr 1 The petty cash fund is set up with a $350 cash balance. Apr 19 Because the money in the fund is down to $70.20, the fund is replenished. Petty cash vouchers as follows: Apr 30 The cash in the petty cash fund is $193.07. The fund is replenished to include petty cash payments in this period's financial statements. The petty cash vouchers are for the following: May 1 The petty cash fund balance is increased to $400. Prepare journal entries for each of these transactions below: Problem B - Bank Reconciliation The bank statement of Irish Company's checking account with the 2 nd National Bank shows: The following additional data are syeslabie: a) Balance per ledger account as of July 31 was $128,209. b) A credit memo included with the bank statement indicated the collection of a note by the bank for Irish Company. Proceeds were $13,500, of which $375 was interest. c) An NSF check in the amount of $6,210 was returned by the bank and included in the total of checks deducted on the bank statement. d) Deposits in transit as of July 31 totaled $33,750. e) Checks outstanding as of July 31 were $55,350. f) The bank added the $29,025 deposit of another company to Irish's account in error. g) The bank deducted one of Irish's checks as $20,250 instead of the correct amount of $2,025. Hint: Use difference in reconciliation. h) Deposit of July 21 was recorded by the company as $4,299.75 and by the bank at the actual amount of $4,542.75. The receipts for the day were from collections on account Hint Use difference in reconciliation. i) The deposits amount shown on the bank statement includes $675 of interest eamed by Irish on its checking account with the bank. Joumal entries (for adjustments on book side only): Date Debit Credit

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