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+ The following information is available to Nightingale Company to prepare its bank reconciliation at the end of March, 2017: a. The company recorded
+ The following information is available to Nightingale Company to prepare its bank reconciliation at the end of March, 2017: a. The company recorded a $5,468 cheque in payment of an account payable incorrectly as $4,586. b. The bank charged the company $45 for monthly standard service charges. c. A review of cashed cheques returned with the bank statement indicated that cheques amounting to$3,431 had not been cashed by March 31. d. March 31 general ledger Cash account balance is $11,846. ocument will e. The credit memo enclosed with the bank statement showed that the bank collected a $4,250 note plus interest of $125 on behalf of the company. f. The debit memo included with the bank statement listed anon-sufficient funds (NSF) cheque for $1,758 plus a $25 NSF bank charge as a result of a nonpayment from its customer, Ferrow & Bell. g. The bank charged the company $37 for printing new cheques during the month. h. March 31 cash balance on the bank statement is $16,169. i. The bank recorded a deposit of $7,600 incorrectly as a deposit of $6,700. a) Prepare the bank reconciliation for Nightingale Company at March 31, 2017. b) Prepare the journal entries resulting from the bank reconciliation. 9:46 PM >
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