The January 31 Bank Balance of Ewan co. is $5931.51. However, the company's Cash account has $3,294.21.

1. The January 31 deposit of $1591.63 (deposit in transit) does not appear on the bank Statement .

2. The Bank erroneously charged to Ewan Co account $100 - Check # 656.

3. Five Company checks issued late in January and recorded in the cash payments journal have not been paid by the bank. The checks are:

Check NO	Date	Amount
227	17-Jan	$286.00
228	26-Jan	319.47
229	27-Jan	83.00
230	28-Jan	203.14
231	29-Jan	458.53

4. The Bank received $904.03 by EFT on behalf of Ewan Co.

5. The Bank collected on behalf of the company a note receivable, $2.114 including (plus) interest revenue of $214. Ewan Co has not recorded the Cash receipt.

6. The Bank Statement shows interest revenue of $28.01 which Ewan Co has earned on its cash balance.

7. Check no. 233 for $150.00 paid to Jason Co. on account was recorded as $510. Creating a $360.00 underpayment in the Cah books.

8. Bank Service Charge was $14.25.

9. Bank Statement shows a NFS check of $52.00 received from Customer Jose Romero.

10. Reflected on the Bank Statement is EFT payment for insurance $361.00 EFT=electronic fund transfer Required:

1. Prepare the Bank Reconciliation for Ewan Co. as of January 31. 15 points

2. Prepare the adjusting entries after preparing the Reconciliation 5 points