The cash account for Bravo Co. on June 30, 2018, indicated a balance of $14,284.88. The bank statement indicated a balance of $18,880.45 on June 30, 2018. Comparing the bank statement, the canceled checks, and the accompanying memorandums with the records revealed the following reconciling items: a. A check for $855 from ABC Co. was returned by the bank because of insufficient funds. b. A deposit in transit of $3,401.43 c. A check for $479.30 returned with the statement had been recorded by Bravo Co. as $497.30. The check was for the payment of an obligation to C & Y on account. d. The bank had collected for Bravo Co. $3,424 on a note left for collection. The face value of the note was $3,000 and interest $424. e. A check for $620 had been incorrectly charged by the bank as $260. f. Bank service charges for June amounted to $50. g. Checks outstanding totaled $5,100.00. Question No. 9 Prepare bank reconciliation statement as of June 30.

Question No. 10

Journalize the necessary entries.