The president of The Parker Company suspects the bookkeeper is embezzling cash from the company. She asks you, confidentially, to look over the bank reconciliation that the bookkeeper has prepared to see if you discover any discrepancies between the books and the bank statement. She provides you with the Cash account from the general ledger, the bank statement, and the bank reconciliation as of December 31. (Click the icon to view the December bank statement.) E: (Click the icon to view the December cash activity.) (Click the icon to view the December bank reconciliation.) A (Click the icon to view additional information.) Read the requirement. First prepare the corrected bank reconciliation. (Include the balances at December 31 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty; do not select a label or enter a zero. Abbreviations used: EFT = electronic funds transfer; NSF = non-sufficient funds) Parker Company Bank Reconciliation (Corrected) December 31 Data Table More Info Bank Books Balance, 12/31 Balance, 12/31 General Ledger Add: Add: Cash 8,685 You learn from the November bank reconciliation that the following checks were outstanding on November 30: No. 1560 for $181, No. 1880 for $550, No. 1882 for $122, and No. 1883 for $464. There was one deposit in transit on November 30 for $1,272. An examination of the actual deposit slips revealed no bank errors. Assume the cash deposit of $2,475 on December 24 is the correct amount. The January bank statement showed that a $670 deposit cleared the bank on January 2. Bal 12/1 Cash receipt 12/7 Cash receipt 12/15 1,000 4,185 Subtotal Subtotal 5,475 Cash receipt 12/23 Cash receipt 12/30 Print Done Less: Less: 670 No. 1884 1,282 No. 1,315 No. 1886 700 No. 1887 2,440 No. 1888 1,027 No. 1889 428 Adjusted bank balance Adjusted book balance No. 1901 840 No. 1902 166 Bal 12/31 11,817 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer i - X Data Table 3,730 Interest EFT 8,996 Bank Statement for December 31 Bal 12/1 $ Deposits Dec 1 1,272 8 1,000 16 4,185 24 2,475 31 14 31 50 Total deposits Checks and other debits: No. 1880 550 No. 1882 122 No. 1883 464 No. 1884 1,282 No. 1885 1,315 No. 1886 700 No. 1887 2,440 No. 1888 1,027 No. 1889 428 NSF 145 EFT 745 (9,218) Total checks and other debits $ Bal 12/31 Explanations: EFT-electronic funds transfer, NSF-nonsufficient funds 3,508 Print Done i Data Table X Bank Balance, 12/31 $ 11,817 Add: 50 Parker Company Bank Reconciliation December 31 Books 3,508 Balance, 12/31 Add: 5,670 EFT receipt from customer 9,178 Interest revenue Subtotal Less: Book error NSF check (1,187) EFT payment of utilities $ 7,991 Adjusted book balance 14 Deposits in transit Subtotal Less: Outstanding checks No. 1560 No. 1901 No. 1902 11,881 181 3,000 840 145 166 745 (3,890) $ 7,991 Adjusted bank balance Print Done