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Make a bank reconciliation for merrifield lawn care

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Reference no: EM132738126

Question: Merrifield Lawn Care's bank statement at August 31, 2016 showed an ending balance of $23,916.87. The unadjusted cash account balance for Merrifield is $20,437.98. The following data were gathered by Merrifield's accountant:

Check number 2143 was correctly written for $427. It was recorded in the company's books as $472 for utilities.

Outstanding checks as of August 31: $7,128.71

NSF check from customer: $71.82

Debit memo related to the returned deposit: $8.00

Credit memo related to interest earned: $10.00

Deposits in transit: $3,625.00

Required: 1) Make a bank reconciliation for Merrifield Lawn Care at August 31, 2016.

2) make the required journal entries to record the book adjustments at August 31, 2016.

Reference no: EM132738126

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