Reference no: EM131792931

RJ enterprises has an operating account which is maintained at Park Avenue Bank. You learned the following:

The cash receipts journal showed cash of $17,250 received on December 29, 2015 and the deposit was made on December 31, 2015. The deposit was not recorded in the bank until January 2, 2016.

The December 31, 2015 bank statement shows a balance of $62,500

In analyzing the cash receipt activities you noticed that included in the December 29th activates was a deposit received for $6050 which was recorded in the journal as $6,500.

The following checks recorded in the check register had not been deposited by the customer:

Check#           Date of                  Check Amount

101       12/31/2014                               $600

220       6/31/2015                                  1500

221           "                                                1250

250       8/1/2015                                     3300

330       12/23/2015                                 225

360       12/31/2015                                  175

361       1/2/2016                                      525

Due to multiple bad checks received from customers, RJ Enterprises was charged $75 service fees for December 2015

Required: Prepare RJ Enterprises' bank reconciliation for December 2015 (in good form)