The cash receipts and the cash payments of Riverwalk Bowling for September 2020 are as follows.

The Cash account of Riverwalk Bowling shows a balance of $17,126 on September 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $545,

cheque #1218 for $410, and a(an) August 31 deposit in the amount of $2,150. On October 5, 2020, Riverwalk Bowling received this bank statement.

Additional data for the bank reconciliation:

Cash Receipts (Posting reference is CR) Date Cash Debit Sep. 5$ 3,500 7 485 Cash Payments (Posting reference is CP) Cheque No. Cash Credit 1221 $ 2,250 1222 1,175 13 2,000 1223 429 15 1,250 1224 140 19 440 1225 845 24 1226 135 905 2,950 1227 4,800 30 $ Total 11,530 1228 1229 1,150 375 2,800 1230 $ ta 14,099 Total Balance Description Balance Forward Deposit EFT Rent Collection Deposit NSF Cheque Cha#001221 Deposit Cha#001222 Cha#001223 Deposit Cha#001224 Deposit EFT Insurance Deposit Chq#001225 Withdrawals Deposits Date Sep 01 2,150 Sep.01 910 Sep.01 3,500 Sep.06 435 Sep.08 2,250 Sep.09 485 Sep. 10 1,175 Sep 13 Sep. 14 2,000 Sep. 14 140 Sep. 15 1,250 Sep. 15 315 Sep. 19 440 Sep 20 845 Sep 22 905 Sep.25 18,500 20,650 21,560 25,060 24,625 22,375 22,860 21,685 21,256 429 23,256 23,116 24,366 24,051 24,491 23,646 24,551 Deposit Cha#001225 845 Sep 22 23,646 Deposit 905 Sep.25 24,551 Chq#001226 135 Sep.29 24,416 Chq#001227 4,968 Sep 30 19,448 Bank Collection 1,430 Sep.30 20,878 Chq#001219 545 Sep 30 20,333 Service Charge 65 Sep 30 20,268 11,302 13,070 Explanations: EFT-electronic funds transfer, NSF-nonsufficient funds a. The EFT deposit was a receipt of monthly rent. The EFT debit was payment for monthly insurance. b. The NSF cheque was received late in August from a customer. C. The $1,430 bank collection of a note receivable on September 30 included $100 interest revenue. d. The correct amount of cheque #1227, a payment on account, is $4,968. (The Riverwalk Bowling accountant mistakenly recorded the cheque for $4,800.) 1. Prepare the bank reconciliation of Riverwalk Bowling at September 30, 2020. 2. Describe how a bank account and the bank reconciliation help Sunnyside Bowling's managers control the business's cash. 3. How are outstanding items from the previous month's bank reconciliation that clear on the September bank statement dealt with? Riverwalk Bowling Bank Reconciliation September 30, 2020 BANK: Add: Less: Cheque No