Reference no: EM131632632

Problem -

Bank reconciliation and Journal Entries

Cash Receipts

Date                      Cash Debit

Dec. 4                    $4,000

         9                     510

        14                   550

        17                   2,150

        31                   1,830

Cash Payments

Check No             Cash Credit

888                         $840

889                         170

890                         680

891                         1,190

892                         1,470

893                         1,200

894                         630

ABC Comp Cash account shoes balance of $17,050 at June 31, ABC Comp

Additional data 

1. EFT credit was a receipt of rent. The EFT debt was a ABC payment

2. The NFS check was received from a customer

3. The $1,600 bank collection was a for a note receivable

4. The correct amount of check 891 for rent expense is $1,910. ABC Comp controller mistakenly recorded the check $1,190

Requirements

1. Prepare the bank reconciliation for ABC Company June 31, 2017?

2. Journalize any required from the bank reconciliation.