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Prepare to adjust entries to correct for items

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Question - Chris Hacker Ltd. (CHL) is about to reconcile its bank statement for the month of September 2018. Pertinent information follows:

Bank statement balance $6,627.87

General ledger balance $5,685.45

The bank erroneously deducted another company's $800 cheque from CHL's bank account.

CHL issued cheques #222 for 456.23, #223 for $1,450; and #225 for $122.19 in September. However, these were still outstanding at month end.

CHL received notification that a cheque for $245 deposited to its account was returned NSF. The bank levied a $28 returned cheque charge.

The bank statement included a $14 service charge for the month.

Required -

A. Prepare the cash reconciliation for Chris Hacker Ltd. as at September 30, 2018.

B. Prepare to adjust entries to correct for items noted in the cash reconciliation.

Reference no: EM132861900

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