Problem 8-3A On May 31, 2014, Reber Company had a cash balance per books of $7,271.50. The bank statement from New York State Bank on that date showed a balance of $6,894.60. A comparison of the statement with the cash account revealed the following facts.

1.	The statement included a debit memo of $47.00 for the printing of additional company checks.
2.	Cash sales of $734.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $784.00. The bank credited Reber Company for the correct amount.
3.	Outstanding checks at May 31 totaled $1,075.25. Deposits in transit were $2,906.15.
4.	On May 18, the company issued check No. 1181 for $684 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $648.
5.	A $3,490.00 note receivable was collected by the bank for Reber Company on May 31 plus $87.00 interest. The bank charged a collection fee of $27.00. No interest has been accrued on the note.
6.	Included with the cancelled checks was a check issued by Stiner Company to Ted Cress for $1,290.00 that was incorrectly charged to Reber Company by the bank.
7.	On May 31, the bank statement showed an NSF charge of $673.00 for a check issued by Sue Allison, a customer, to Reber Company on account.

Prepare the bank reconciliation at May 31, 2014.(Enter answers to 2 decimal places, e.g. 15.25. List items that increase cash balance first. Reconcile cash balance per bank first.)

REBER COMPANY Bank Reconciliation May 31, 2014
Adjusted cash balance per bankBank errorStiner checkDeposit in transitCheck printing chargeNSF checkOutstanding checksCollection of note receivableCash balance per bank statementError in May 12 depositError in recording check No. 1181	$
LessAdd:
Cash balance per bank statementDeposit in transitCollection of note receivableOutstanding checksBank errorStiner checkError in May 12 depositAdjusted cash balance per bankNSF checkError in recording check No. 1181Check printing charge	$
Adjusted cash balance per bankError in recording check No. 1181Collection of note receivableNSF checkOutstanding checksError in May 12 depositCash balance per bank statementDeposit in transitBank errorStiner checkCheck printing charge
AddLess:	Error in May 12 depositDeposit in transitCollection of note receivableAdjusted cash balance per bankBank errorStiner checkNSF checkError in recording check No. 1181Check printing chargeCash balance per bank statementOutstanding checks
Bank errorStiner checkOutstanding checksAdjusted cash balance per bankNSF checkError in recording check No. 1181Error in May 12 depositCash balance per bank statementDeposit in transitCheck printing chargeCollection of note receivable	$
Adjusted cash balance per booksCollection of note receivableDeposit in transitBank errorStiner checkError in recording check No. 1181Outstanding checksNSF checkCheck printing chargeCash balance per booksError in May 12 deposit	$
AddLess:	Collection of note receivableNSF checkAdjusted cash balance per booksDeposit in transitCash balance per booksError in May 12 depositBank errorStiner checkOutstanding checksError in recording check No. 1181Check printing charge
LessAdd:
NSF checkError in recording check No. 1181Outstanding checksCash balance per booksError in May 12 depositCheck printing chargeCollection of note receivableAdjusted cash balance per booksDeposit in transitBank errorStiner check	$
Adjusted cash balance per booksCash balance per booksOutstanding checksError in May 12 depositNSF checkCollection of note receivableBank errorStiner checkError in recording check No. 1181Check printing chargeDeposit in transit
Cash balance per booksAdjusted cash balance per booksError in May 12 depositCollection of note receivableOutstanding checksNSF checkError in recording check No. 1181Check printing chargeDeposit in transitBank errorStiner check
Check printing chargeOutstanding checksAdjusted cash balance per booksCash balance per booksNSF checkError in May 12 depositDeposit in transitBank errorStiner checkCollection of note receivableError in recording check No. 1181
Outstanding checksCollection of note receivableCash balance per booksAdjusted cash balance per booksError in recording check No. 1181Error in May 12 depositNSF checkDeposit in transitCheck printing chargeBank errorStiner check	$

SHOW LIST OF ACCOUNTS
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Prepare the necessary adjusting entries for Reber Company at May 31, 2014.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Enter answers to 2 decimal places, e.g. 15.25.)

No.	Account Titles and Explanation	Debit	Credit
1.
(To record note receivable.)
2.
(To record NSF check.)
3.
(To record error in deposit.)
4.
(To record error on check.)
5.
(To record check printing charge.)

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