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Question 2 Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. $18.620 Bank debit memorandum: Balance, August 1
Question 2 Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. $18.620 Bank debit memorandum: Balance, August 1 August deposits 71,220 ety deposit 125 Checks cleared in August Bank credit memorandum: 68,578 Service charge 150 Balance, August 21,132 31 Interest earned 145 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,920; receipts $74,220; disbursements $73,470; and balance, August 31, $19,670. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40 transit for $4,900 and outstanding checks of $4,600. In addition, you determine that there was an error Determine deposits in transit. Deposits in transit LINK TO TEXT Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks vocoaUEnauA LINK TO TEXT Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) WINDSOR, INC. Bank Reconciliation . t . LINK TO TEXT Journalize the adjusting entries to be made by Windsor, Inc. at August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 (To record Interest earned) Aug. 31 (To correct error in recording check) Aug. 31 (To record service charge and safety deposit box fee)
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