Problem 9.3B Objectives 9-5, 9-6 Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. Un October 7, 2019, Peter Chen, attorney-at-law. received his September bank statement from First Texas National Bank. Enclosed with the bank statement, which appears below, was a debit memorandum for $118 that covered an NSF check issued by Annette Cole, a credit customer. The hirm's checkbook contained the following information about deposits made and checks issued dur ing September. The balance of the Cash account and the checkbook on September 30 was 58.134 INSTRUCTIONS 1. Prepare a bank reconciliation statement for the firm as of September 30, 2019. 2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries September 30, 2019. TRANSACTIONS DATE Sept. 1 $6,500 100 10 500 225 Balance Check 104 Check 105 Deposit Check 106 Deposit Check 107 Check 108 Check 109 Deposit Check 110 Check 111 Check 112 Deposit 312 CHAPTER FIRST TEXAS NATIONAL BANK Peter Chen, Attorney-at-Law 3510 North Central Expressway Dallas, TX 75212-2700 1-877-987-6543 Account Number 22-5654-30 September 1-30, 2019 ACTIVITY SUMMARY: Balance, January 1 Deposits and credits withdrawals and debits Balance, January 31 $ 6,500.00 1.640.00 181650) $ 7,121.50 Deposit Witwald $6,500.00 Opening halance Deposit Check No. 104 500.00 19 100.00 410.00 W11/19 19 9/13/19 Check No 105 Check No. 107 Check No. 106 Check No. 109 6.900.00 7,310.00 7.300.00 7,100.00 675.00 6.815.00 60.00 19 0.00 5/19 219 9/28/19 Check No 150 Check tia 111 Debidor NSFER Service TOMAS 7.529.00 7.449.00 7,331.00 73.50 1.640.00 816.50 Analyzet How many checks were paid (cleared the bank) according to the September 30 bank statement? Problem 9.4B Objectives 9-5, 9-6 Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. uly 31, 2019. the balance in Bay City Kitchen Appliance's checkbook and Cash account was $8,318.59. The balance shown on the bank statement on the same date was $9.442.03 h Notes The following checks were issued but have not yet been paid by the bank Check 513 SI51.95, Chock 535 for $122.50, and Check 537 for $625 40 a di memorandum shows that the bank has collected a $1.447 not receivable and inte of $30 for the firm. These amounts have not yet been entered in the firm's records The firm's records indicate that a deposit of $994.07 made on July 31 does not appear bank statement d. A service charge of $14.34 and a debit memorandum of $245 covering an NSE yet been entered in the firm's records. The check was issued by Roberta Lafolicite te, a credit customer.) INSTRUCTIONS 1. Prepare a bank reconciliation statement for the firm as of July 31, 2019. 2 Record seneral journal entries for any inems on the bank reconciliation statem journalired. Date the entries July 31, 2019, hank reconciliation statement that must be Analyzet After all journal entries have been recorded and posted, what is the balans account? Cash CHAPTER 9 313 Problem 9.5B Objectives 9-5, 9-6 Correcting errors revealed by a bank reconciliation. In preparing the bank reconciliation at February 28, 2019, for Wimpy Dudes Moving Corporation, the following errors were discovered in the firm's records: a. The checkbook and the general journal indicated that Check 1301 dated February 18 was issued for $328 to pay for hauling expenses. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $308. b. The checkbook and the general journal indicated that Check 1322 dated February 24 was issued for $504 to pay a telephone bill. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $540. INSTRUCTIONS 1. Prepare the adjusted book balance section of the firm's bank reconciliation statement. The book balance as of February 28, 2019, was $20,551. The errors listed are the only two items that affect the book balance. 2. Prepare general journal entries to correct the errors. Date the entries February 28, 2019. Check 1301 was debited to Hauling Expense on February 18 and Check 1322 was debited to Telephone Expense on February 24. Analyze: What net change to the Cash account occurred as a result of the correcting journal entries