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Take me to the text The following data represents information necessary to assist in preparing the March 31, 2018 bank reconciliation for Domore Company. On
Take me to the text The following data represents information necessary to assist in preparing the March 31, 2018 bank reconciliation for Domore Company. On March 31, the bank balance was $5,344. The bank statement indicated a deduction of $23 for all bank service charges. A customer deposited $1.120 directly into the bank account to settle an outstanding accounts receivable bill. Check #563 for $600 and check #570 for $420 have been recorded in the company ledger but did not appear on the bank statement. A customer paid an amount of $4,486 to Domore Company on March 31 but the deposit did not appear on the bank statement. The accounting clerk made an error and recorded a $170 check as $ 1,700. The check was written to pay an outstanding accounts payable account. Check #6489 for $120 was deducted from Domore Company's account by the bank. This check was not written by Domore Company and needs to be reversed by the bank. The bank included an NSF check in the amount of $460 relating to a customer's payment. The NSF fee was $8. The general ledger cash account showed a balance of $6,771 on March 31, Required a) Complete the bank reconciliation for Domore Company b) Write the necessary journal entries to correct Domore Company's records. Do not enter dollar signs or commas in the input boxes, Do not use negative signs, a) Domore Company Bank Reconciliation March 31, 2018 Cash 5344 balance per books Cash balance per bank statement Add Add 1120 Outstanding deposit EFT deposit x Bank error Ledger error Deduct Deduct outstanding checks Check #563 not cleared Check #570 not cleared NSF check NSF service charge Bank service charge Adjusted book balance Adjusted bank balance Enter the relevant journal entries in the order of transaction appearance above. Remember not all transactions will require journal entries. b) Date Account Title and Explanation Debit Credit 2018 Mar 31 Record bank charges Mar 31 Record collection of accounts receivable Mar 31 To correct the record of accounts payable Mar 31 . To record NSF check Mar 31 . + Record NSF Fee
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