Reference no: EM132501422
Question - Note the following information related to a company's cash account:
Cash Balance per Bank
Cash balancer per bank, 12/31/19 9,610
Check #6832 cleared the bank for $240, but erroneously recorded by company for $268 Outstanding checks 2,417
Deposit by ABC Inc erroneously recorded to the company by the bank 486
NSF check returned by bank 281
Cash balance per books, 12/31/19 7,430
December 2019 interest per bank 30
Check mailed to bank for a deposit that had not reached the bank by 12/31/19 500
Required -
Prepare a bank reconciliation for the company for the month ended December 2019.
Prepare any journal entries that should be made based on the reconciliation prepared.