The bank statement for the checking account of Management Systems Incorporated $($MSI$)$ showed a December $31,2024,$ balance of $$14,832\mathrm{.}62.$ Information that might be useful in preparing a bank reconciliation is as follows:

a$.$ Outstanding checks were $$1,340\mathrm{.}55.$

b$.$ The December $31,2024,$ cash receipts of $$585$ were not deposited in the bank until January $2,2025.$

c$.$ One check written in payment of rent for $$248$ was correctly recorded by the bank but was recorded by MSI as a $$284$ disbursement.

d$.$ In accordance with prior authorization, the bank withdrew $$470$ directly from the checking account as payment on a note payable. The interest portion of that payment was $$360.$ MSI has made no entry to record the automatic payment.

e$.$ Bank service charges of $$16$ were listed on the bank statement.

f$.$ A deposit of $$885$ was recorded by the bank on December $13,$ but it did not belong to MSI. The deposit should have been made to the checking account of MIS, Incorporated.

g$.$ The bank statement included a charge of $$85$ for an NSF check. The check was returned with the bank statement and the company will seek payment from the customer.

h$.$ MSI maintains a $$220$ petty cash fund that was appropriately reimbursed at the end of December.

i$.$ According to instructions from MSI on December $30,$ the bank withdrew $$11,000$ from the account and purchased U$.$S$.$ Treasury bills for MSI. MSI recorded the transaction in its books on December $31$ when it received notice from the bank. Half of the Treasury bills mature in two months and the other half in six months.

Required:

$1.$ Prepare a bank reconciliation for the MSI checking account at December $31,2024.$ You will have to compute the balance per books.

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Prepare a bank reconciliation for the MSI checking account at December $31,2024.$ You will have to compute the balance per books.

Note: Round your answers to $2$ decimal places.

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Bank Reconciliation

Balance per bank statement

$$14,832\mathrm{.}62$

Add:

Deposits outstanding

$585\mathrm{.}00$

Deduct:

Bank error

$885\mathrm{.}00$

Checks outstanding

$1,340\mathrm{.}55$

Corrected cash balance

$$13,192\mathrm{.}07$

Balance per books

$$

$?$

Add:

Error in recording rent check

$36\mathrm{.}00$

Deduct:

Automatic payment on note

$470\mathrm{.}00$

NSF checks

$85\mathrm{.}00$

Service charges

$16\mathrm{.}00$

Corrected cash balance I need help with the balance per books