Problem 8-4 Bank Reconciliation

The following information is available for Sedona, Inc., as of May 31, 2014:

a. Cash on the books as of May 31 amounted to $42,754.16. Cash on the bank statement for the same date was $52,351.46.

b. A deposit of $5,220.94, representing cash receipts of May 31, did not appear on the bank statement.

c. Outstanding checks totaled $3,936.80.

d. A check for $1,920.00 returned with the statement was recorded incorrectly in the check register as $1,380.00. The check was for a cash purchase of merchandise.

e. The bank service charge for May amounted to $25.

f. The bank collected $12,360.00 for Sedona, on a note. The face value of the note was $12,000.00.

g. An NSF check for $183.56 from a customer, Eva Mendez, was returned with the statement.

h. The bank mistakenly charged to the company account a check for $850.00 drawn by another company.

i. The bank reported that it had credited the account for $120.00 in interest on the average balance for May.

PLEASE FILL IN THE FOLLOWING INFORMATION.