The Victoria Company deposits all its cash receipts on the day that they are received and makes all cash payments in the form of checks. At the close of business on September 30, 2019 Victoria's Cash balance is $15,598. The main street bank's Septemeber 30, 2019 bank statement indicates that VC cash balance is$16675

Problem #2 - Bank Reconcilement (12 points) The Victoria Company deposits all its cash receipts on the day that they are received and makes all cash payments in the form of checks. At the close of business on September 30, 2019 Victoria's Cash balance is $15,598. The Main Street Bank's September 30, 2019 bank statement indicates that Victoria's Cash balance is $16,675. Requirement: A. Prepare a Bank Reconcilement as of September 30, 2019 taking into consideration the following: a. The September 30, 2019 cash receipts were $6,400 were placed in the Main Street's night depository after normal banking hours and did not appear on the bank's September 30, 2019 bank statement b. $8,800 of checks have been issued by Victoria, but they have not yet been presented to Main Street Bank C. The September 30, 2019 bank statement included i. A $100 debit memorandum for bank services rendered. Victoria knew about the bank services, but was not aware of the dollar amount ii. A $400 check written by a different company (Meredith Co), but erroneously charged to Victoria's account A $575 debit memorandum for a non-sufficient funds check (NSF) for its customer (Paradise LLC). In addition, the bank also charged Victoria $25 for the processing of the NSF check. This is the first time that Victoria learned of the NSF check. iv. A $250 debit memorandum issued on September 4, 2019 to resolve a Bank error made in August 2019 V. A $3,980 credit memorandum issued on September 28, 2019 to resolve a Bank error made in September 21, 2019 vi. A $248 debit memorandum issued on September 30th for bank fees. Victoria is learning about this item for the first time