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)