The following data represents information necessary to assist in preparing the August $31,2022$ bank reconciliation for East Coast Transport.

On August $31,$ the bank balance was $$5,811.$

The bank statement indicated a deduction of $$16$ for all bank service charges.

A customer deposited $$1,170$ directly into the bank account to settle an outstanding accounts receivable bill.

Cheque #$829$ for $$1,000$ and cheque #$836$ for $$700$ have been recorded in the company ledger but did not appear on the bank statement.

A customer paid an amount of $$4,544$ to East Coast Transport on August $31$ but the deposit did not appear on the bank statement.

The accounting clerk made an error and recorded a $$140$ cheque as $$1,400.$ The cheque was written to pay an outstanding accounts payable account.

Cheque #$5235$ for $$120$ was deducted from East Coast Transport's account by the bank. This cheque was not written by East Coast Transport and needs to be reversed by the bank.

The bank included an NSF cheque in the amount of $$390$ relating to a customer$$s payment. The NSF fee was $$7.$

The general ledger cash account showed a balance of $$6,758$ on August $31.$

Required

a$)$ Complete the bank reconciliation for East Coast Transport.

b$)$ Write the necessary journal entries to correct East Coast Transport's records.

Do not enter dollar signs or commas in the input boxes.

Do not use negative signs.

a$)$

East Coast Transport

Bank Reconciliation

August $31,2022$

Cash balance per bank statement Answer

Cash balance per books Answer

Add Add

Outstanding deposit Answer

EFT deposit Answer

Bank error Answer

Answer

Ledger error Answer

Answer

Deduct outstanding cheques Deduct

Cheque #$829$ Answer

NSF cheque Answer

Cheque #$836$ Answer

Answer

NSF service charge Answer

Bank service charge Answer

Answer

Adjusted bank balance Answer

Adjusted book balance Answer

Enter the relevant journal entries in the order of transaction appearance above. Remember, not all transactions will require journal entries.

b$)$

Date Account Title and Explanation Debit Credit

$2022$

Aug $31$ Answer

Answer

Answer

Answer

Record bank charges

Aug $31$ Answer

Answer

Answer

Answer

Record collection of accounts receivable

Aug $31$ Answer

Answer

Answer

Answer

To correct the record of accounts payable

Aug $31$ Answer

Answer

Answer

Answer

To record NSF cheque

Aug $31$ Answer

Answer

Answer

Answer

Record NSF Fee

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