Reconcile Johnson Company's book balance of cash with its bank statement cash

balance as of August $31,2020.$

On August $31,$ the company's Cash account has a $$27,497$ debit balance, but it's

August bank statement shows a $$27,233$ cash balance.

Check No$.303$ for $$1,482$ and Check No$.304$ for $$558$ were outstanding on the

July $31$ bank reconciliation. Check No$.304$ is listed with the August canceled

checks, but Check No$.303$ is not. Also, Check No$.306$ for $$382$ and Check No$.$

$309$ for $$2,281,$ both written in August, are not am$$ng the canceled checks on

the August $31$ statement.

In comparing the canceled checks on the bank statement with the entries in

the accounting records, it is found that Check No$.305$ for August rent was

correctly written and drawn for $$1,270$ but was erroneously entered in the

accounting records as $$1,250.$

A credit memorandum enclosed with the August bank statement indicates the

bank collected $$8,000$ cash on a non$-$interest$-$bearing note for Branch,

deducted a $$45$ collection fee, and credited the remainder to its account.

Branch had not recorded this event before receiving the statement.

A debit memorandum for $$805$ lists a $$795$ NSF check plus a $$10$ NSF charge.

The check had been received from a customer, Evan Shaw. Branch has not yet

recorded this check as NSF$.$

Enclosed with the August statement is a $$25$ debit memorandum for bank

services. It has not yet been recorded because no previous notification had

been received.

Branch's August $31$ daily cash receipts of $$11,514$ were placed in the bank's

night depository on that date, but do not appear on the August $31$ bank

statement.

Instructions

Prepare the bank reconciliation for this company as of August $31,2020.$

Prepare the journal entries necessary to bring the company's book balance of

cash into conformity with the reconciled cash balance as of August $31,2020.$