Reference no: EM132489092
Prepare
Question (a) adjusting journal entries and calculate the adjusted September 30, 20x1 cash balance per books and
Question (b) a bank reconciliation for Stitt Company as of September 30, 20x1, based on the following information.
Point 1: The balance per the September 30, 20x1 bank statement is $27,419,
Point 2: The balance per books at September 30, 20x1 before adjustments is $27,189
Point 3: Stitt Company's bookkeeper mistakenly recorded an $885 cash disbursement as $855. The cash disbursement related to office supplies expense
Point 4: The bank mistakenly recorded a deposit of $3,000 made by Stitt Company on September 10 as $300.
Point 5: The bank statement indicated bank service charges of $35 in September.
Point 6: Outstanding cheques as of September 30, 2011, amount to $6,400. *Deposits in transit as of September 30, 2011, amount to $3,405.