The following information was taken from accounting records

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Reference no: EM13452420

The following information was taken from the accounting records of Palmetto Company for the month of January:

Balance per bank	$6,150
Balance per company records	3,580
Bank service charge for January	20
Deposits in transit	940
Interest on note collected by bank	100
Note collected by bank	1,000
NSF check returned by the bank with the bank statement	650
Outstanding checks	3,080

Instructions:

a. Prepare Palmetto's January bank reconciliation.

b. Prepare any necessary journal entries for Palmetto.

Reference no: EM13452420

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