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The following data represents information necessary to assist in preparing the April 30, 2019 bank reconciliation for Domore Company On April 30, the bank balance
The following data represents information necessary to assist in preparing the April 30, 2019 bank reconciliation for Domore Company On April 30, the bank balance was $5,663 The bank statement indicated a deduction of $27 for all bank service charges. A customer deposited $1,250 directly into the bank account to settle an outstanding accounts receivable bill. Cheque #852 for $800 and cheque #859 for $560 have been recorded in the company ledger but did not appear on the bank statement. A customer paid an amount of $4,568 to Domore Company on April 30 but the deposit did not appear on the bank statement. The accounting clerk made an error and recorded a $170 cheque as $1,700. The cheque was written to pay an outstanding accounts payable account. Cheque #9866 for $180 was deducted from Domore Company's account by the bank. This cheque was not written by Domore Company and needs to be reversed by the bank. The bank included an NSF cheque in the amount of $380 relating to a customer's payment. The NSF fee was $11. The general ledger cash account showed a balance of $6,689 on April 30. 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 Cash balance per bank statement Domore Company Bank Reconciliation April 30, 2019 5663 Cash balance per books Add EFT deposit 6689 Add Outstanding deposit 4568 1250 Bank error 180 4748 Ledger error 1530 2780 Deduct outstanding cheques Deduct 800 Cheque #852 not cleared 380 NSF cheque 11 560 1360 NSF service charge Cheque #859 not cleared 27 418 Bank service charge 9051 9051 Adjusted book balance Adjusted bank balance nation will Date Account Title and Explanation Debit Credit 2019 Apr 30 Bank Charges Expense 27 Cash 5663 Record bank charges Apr 30 Cash 6689 Accounts Receivable 1250 Record collection of accounts receivable Apr 30 Cash Accounts Payable 4568 To correct the record of accounts payable Apr 30 > To record NSF cheque Apr 30 Record NSF Fee
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