Preparing a Bank Reconciliation and Recording Adjusting Entries The following information pertains the cash reconciliation process for Jones Company. 1. Jones Company received its June 30 bank statement. A summary of this statement follows.

Bank balance, June 1 $69,000 Deposits and other credits 34,800 Checks and other debits (36,360) Interest earned on this statement 300 Bank balance, June 30 $67,740 Account transactions reflected in the bank statement follow. Deposits June 1 $6,000 June 8 9,000 June 17 13,500 June 22 6,300 Total $34,800 Checks June 2 #61 $3,000 June 7 #63 6,000 June 9 #66 9,000 June 14 #64 4,260 June 17 #65 1,200 June 23 #60 3,300 June 27 #67 6,300 June 28 #59 3,300 June total for checks: $36,360 2. Transaction details involving the Jones Companys Cash account per its book follow.

Cash Account Balance June 1 71,700 Deposits* 36,900 39,660 Checks** *Deposits: **Checks: June 8 9,000 #60 3,300 June 17 13,500 #61 3,000 June 22 6,300 #62 2,700 June 30 8,100 #63 6,000 36,900 #64 4,260 #65 1,200 #66 9,000 #67 6,300 #68 3,900 39,660 3.

A summary bank reconciliation at May 31 follows. Bank balance $69,000 Add deposits outstanding 6,000 Deduct check #59 outstanding (3,300) Book balance $71,700 Required a. Prepare the June bank reconciliation from this information. Note: Use negative signs to indicate a subtraction in the schedules that follow. Note: If an item isn't required for the reconciliation, select "N/A" as the description and leave the answer blank (zero).