Roper Electronics received its bank statement for the month of August with an ending balance of $11.740. Roper determined that check #613 for $155 and check 1601 for $420 were both outstanding. Also, a 56,900 deposit for August 30 was in transit as of the end of the month. Northern Regional Bank also collected a $5,000 note receivable on August 1 that was issued March 1. Accrued interest is $250. Northern Regional Bank charged a $35 fee for the collection service. The bank statement reveals a bank service charge of $20. A customer check for $68 was returned with the bank statement marked "NSF. The ending balance of the Roper cash account is $12,938. Required: A Prepare a bank account reconciliation and any gecessary journal entries for the reconciliation. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Refer to the Chart of Accounts for exact wording of account titles CHART OF ACCOUNTS Roper Electronics General Ledger REVENUE ASSETS 110 Cash 111 Petty Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 191 Equipment 192 Accumulated Depreciation EXPENSES 510 Cost of Merchandise Sold 515 Bank Service Charge Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense lance 534 Office Supplies Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 535 Rent Expense 536 Repairs Expense 561 Depreciation Expense 591 Miscellaneous Expense 592 Miscellaneous Selling Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary nstruction Roper Electronics received its bank statement for the month of August with an ending balance of $11,740. Roper determined that check #613 for $155 and Bank Reconciliation Roper Electronics Bank Reconciliation August 31 $11,740.00 11 Cash balance according to bank statement 2 Adjustments: 3 Deposits in transit Adjusted balance # Cash balance according to Roper Electronics 9 Label 7 Adjusted balance Cash balance according to Roper Electronics 9 (Label) 15 Adjusted balance Prepare necessary journal entries for the reconciliation on August 31. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT Instruction Roper Electronics received its bank statement for the month of August with an ending balance of $11,740. Roper determined that check #613 for $155 and Bank Reconciliation General Journal DATE DESCRIPTION POST. REF. CREDIT
