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Preparing a bank reconciliation and journal entries. The September 30 bank statement of Nice Garden Co. has just arrived from ABC Bank. To prepare the
Preparing a bank reconciliation and journal entries. The September 30 bank statement of Nice Garden Co. has just arrived from ABC Bank. To prepare the bank reconciliation, you gather the following data: i. The September 30 bank balance is $4,870. ii. The bank statement includes two charges for NSF checks from customers. One is for $400 (#1) from Firm A, and the other for $110(#2) from Firm B. iii. The following Nice Garden Co. checks are outstanding at September 30: At Check No. No. 237 $190 288 220 291 520 294 580 iv. Nice Garden Co. collects from a few customers by EFT. The September bank statement lists a $1,300 EFT deposit for a collection on account. v. The bank statement includes two special deposits that Nice Garden Co. hasn't recorded yet: $970 for dividend revenue, and $80 for the interest revenue Nice Garden Co. earned on its bank balance during September V. The bank statement includes two special deposits that Nice Garden Co. hasn't recorded yet: $970 for dividend revenue, and $80 for the interest revenue Nice Garden Co. earned on its bank balance during September vi. The bank statement lists a $30 subtraction for the bank service charge. vii. On September 30, Nice Garden Co. deposited $350, but this deposit does no appear on the bank statement viii. The bank statement includes a $1,000 deduction for a check drawn by Miller Co. Nice Garden Co. notified the bank of this bank error. ix. Nice Garden Co. Nice Garden Co.'s Cash accounts shows a balance of $2,900 on September 30. Requirements: 1. Prepare the bank reconciliation for Nice Garden Co. at September 30. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. **Note: Please 1) write your answer to the question(s) on the paper, then 2) take photo(s)/picture(s) of your answer to the question(s), and finally 3) upload the/these photo(s)/picture(s) to the SuperStar System. (20.05))
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