Question 2 The cash balance per books for Bakken Company on September 30, 2012 is RM10,740.93. The following checks and receipts were recorded for the month of October, 2012: No. Amount Checks No. Amount 17 RM372.96 22 RM 578.84 18 RM780.62 23 RM1,687.50 19 RM157.00 24 RM 921.30 Receipts Amount Date RM843.86 10/5 RM941.54 10/21 RM808.58 10/27 RM967.00 10/30 20 RM587.50 25 RM 246.03 21 RM234.15 In addition, the bank statement for the month of October is presented below: Balance Deposits and Credits Checks and Debits Last Statement No. Total Amount No. Total Amount Balance This Statement RM5,404.84 5 RM9,278.36 10 RM3,632.19 RM11,051.01 Checks and other debits Deposits Date Balance No. Amount No. Amount No. Amount 14 148.29 18 708.62 24 17 372.96 921.30 22 578.84 5,484.38 10/1 RM9,875.31 843.86 10/8 RM9,219.03 19 157.00 25 246.03 941.54 10/23 RM9,541.58 21 234.15 15.00 SC 808.58 10/29 RM10,101.01 250.00 NSF 1,200.00 CM 10/31 RM11,051.01 Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit Memo) Check No. 18 was correctly written for RM708.62 for a payment on account. The NSF check was from S. Iwig, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of RM60 which has not been accrued. The bank service charge is RM15.00. Instructions (a) Prepare a bank reconciliation at October 31. (b) Prepare the adjusting journal entries required by the bank reconciliation.