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The following data pertain to bank transactions of Hawks Company during September: - The company's bank statement showed a balance of $50,000 on September 30.

The following data pertain to bank transactions of Hawks Company during September:

- The company's bank statement showed a balance of $50,000 on September 30.

- The balance per book is as of September 30 was $49,000.

- Deposits in transit: $8,000.

- Outstanding checks: $5,000.

- The bank collected a note for the company amounted $5,500 in which $5,000 was principal and $500 was interest. The bank deposited $5,400 to the company account after charging $100 collection fee.

- The bank service charge for the month: $200.

- Included in the bank statement was a check from a customer in the amount of $1,200 which was marked NSF by the bank.

Instructions:

A. Prepare a Bank Reconciliation for the company on September 30.

B. Prepare any necessary journal entries for Hawk for its bank reconciliation.

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