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Setup You're working in your new job as a staff accountant for Roman Candle, Inc. Your manager, Elliott Smith has asked you to reconcile the

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Setup You're working in your new job as a staff accountant for Roman Candle, Inc. Your manager, Elliott Smith has asked you to reconcile the September 30, 2020 cash balance reflected in your accounting records (balance per books) with the cash balance reported in the September 30th bank Part A Instructions Utilize the information below to reconcile the September 30th cash balance per books, with the cash balance per the bank in the bank reconciliation template below (your inputs should be in the blue shaded cells). A) The cash balance per the September 30, 2020 bank statement is $5,386. B) The cash balance per the accounting records as of September 30, 2020 is $5,055. c) There was a total of $1,816 in outstanding checks as of September 30, 2020. D) Deposits in transit as of September 30, 2020 totaled $750. E) A customer wrote a check for $450 to pay off an amount due to Roman Candle in September. Roman Candle updated their accounting records for the payment and deposited the check in September, but the check bounced due to the customer having insufficient funds (NSF Check), F) Interest earned by Roman Candle per the September bank statement was $15. G) During September, Roman Candle wrote a check to pay off one of it's vendors they owed money to (for a purchase Roman Candle made earlier that month on account). The amount of the check was $1,100, and properly cleared the bank during September. When Roman Candles recorded the payment in their accounting records, they erroneously recorded the payment for Roman Candle, Inc. Bank Reconciliation As of September 30, 2020 Reconciling items for Bank Reconciling Items for Books Ending Cash per Books: Ending Cash per Bank: Additions: Additions: Total Additions Total Additions Deductions: Deductions: Total Deductions Total Deductions Reconciled Cash per Bank Reconciled Cash per Books Part B Instructions In the General Journal template provided below, record any necessary adjusting journal entries Roman Candle, Inc. needs to record to update their accounting records. Date Account Description 9/30/2020 Debit Credit 9/30/2020 9/30/2020

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