Bank Reconciliation The bank reconciliation made by Thurman, Inc., on August 31 showed: Deposit in transit of Outstandin

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Bank Reconciliation The bank reconciliation made by Thurman, Inc., on August 31 showed: Deposit in transit of Outstanding checks The reconciled cash balance on August 31 was TO The following bank statement is available for September: Date Sept. 1 2 Thurman, Inc. St. Louis, MO Deposits 5 9 15 17 25 30 4 No. Date $1,170 597 Sept. 1 1,120 607 5 850 608 5 744 609 585 610 1,540 611 1,028 612 680 614 NSF SC Item codes EC: Error Correction SC: Service Charge IN: Interest Earned Bank Statement in a 9 8 00 no.597 no.603 15 17 25 29 30 $1,170 $650 $710 $14,110 Charges Date $650 Aug. 31 1,850 Sept. 1 1,100 2 552 5 8 9 15 17 25 29 30 CM: Credit Memo RT: Returned Item 640 817 488 920 991 36 September 30 STATE BANK Balance DM: Debit Memo OD: Overdraft NSF: Non-sufficient Funds $14,300 14,820 15,940 13,840 13,200 13,392 16,160 14,212 14,320 13,329 13,973
A list of deposits made and checks written during September is shown below: Deposits Made Checks Written Sept. 181,120 No --22XAR 4 . 12 850 744 14 1540 1029 680 30 1.266 STA13 29 $1,350 1.100 400 342 430 140 611 871 612 400 310 BIA 900 €15 340 616 420 The Cash in Blank account balance on September 30 was $14,386. in reviewing checks retured by the bank, the accountant discovered that check No. 611 written for $817 for advertising expense was recorded in the cash disbursements journal as $871. The NSF check written for $991, which Thurman deposited on September 24, was a payment an account from customer D. Walker Required a. Prepare a bank reconciliation for Thurman, inc. at September 30 b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation Bank reconciliation journal entries
The Cash in Bank account balance on September 30 was $14,386. In reviewing checks returned by the bank, the accountant discovered that check No. 611 written for $817 for at was recorded in the cash disbursements journal as $871. The NSF check written for $991, which Thurman deposited on September 24 was a payment on account from customer. Required a. Prepare a bank reconciliation for Thurman, Inc., at September 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation Bank reconciliation Journal entries Less Outstanding chacks pist in numerical order) Amount Check.no. 603 Check THURMAN, INC. Bank Reconciliation September 30 Add: Check No. 11 for recorded as Less: NSF Check of D. Walker
Monik reconciliation for Thurman, Inc., at September 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance Bank reconciliation Journal entries, Date Sept 30 30 30 Check General Journal Description To correct error in recording check 612. 0 $ 9 To record bank service charge. 0 # To reclassify NSF check as an accounts receivable. Debit $ Credit