Question 1 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Weber Inc. for the month ended July 31, 2015. Please enter journal entries for each of the following, if required. Enter the corresponding number as the description for each entry. Also, the dates must be entered in the format dd/mmm (ie 15/Jan). 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque Weber Inc. Bank Reconciliation June 30, 2015 16,751 Bank statement balance. Add: Outstanding deposit 9 16,760 16,800 Book balance. Add: 950 Interest earned 17,750 Deduct: Bank service charge, 1,000 16,750 Adjusted book balance. Deduct: 10 Outstanding cheques: #426 Adjusted bank balance 16,750 Bank Statement Account No. 101 To: Weber Inc. Debit Credit Balance July 31, 2015 Deposits/Credits Balance Cash Date Desc. PR 30/Jun Balance 31/Jul CR13 31/Jul CD12 Cheques/Charges/Debits 16.750 4,800 21,550 9,600 #426 03/Jul 11,950 950 03/Jul 08/Jul #435 08/Jul 1,000 900 1,300 800 #432 10/Jul 10/Jul 1,450 750 1,450 16,800 16,750 17,300 16,750 17,400 16,600 15,600 #436 15/Jul 15/Jul #434 18/Jul 800 #433 22/Jul 1,000 850 #437 23/Jul #431 25/Jul 850 14,750 13,900 13,450 13,448 450 NSF Bank service charge 30/Jul 31/Jul 10 Interest earned 8 The NSF cheque for $450 was that of a customer. Deposits Made Cheques Written 1,450 850 July 8 10 15 750 1,300 1,000 31 1,450 1,150 4,800 No. 431 432 433 434 435. 436 437 800 Total July Cash Reciepts. 900 800 850 438 800 850 439 440 Total July Cash Disbursements 1,450 9,600 Bank statement balance Add: + Weber Inc. Bank Reconciliation July 31, 2015 Book balance Add: + Deduct: Deduct: Outstanding cheques Adjusted bank balance Adjusted book balance General Journal Page GJ2 F Debit Credit Date Account/Explanation + = + - + -1