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Journalize the entries required by the reconciliation

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Reference no: EM133173816

Question - Sheridan Wyatt is unable to reconcile the bank balance at January 31. Sheridan's reconciliation is as follows.

Cash balance per bank

$3,550.55

Add: NSF cheque

580.18

Less: Bank service charge

29.09

Adjusted balance per bank

$4,101.64

Cash

$3,989.85

Less: Deposits in transit

530.03

Add: Outstanding cheques

700.00

Adjusted balance per books

$4,159.82

Required - Prepare a correct bank reconciliation.

Journalize the entries required by the reconciliation.

Reference no: EM133173816

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