Answer Happy

Miller Corporation's December 31, 2016, bank statement showed a $2,049.25 balance. On this date, Miller's Cash account reflected a $146.90 overdraft. In reconciling these amounts, the following information is discovered: 1. Cash on hand for undeposited sales receipts, December 31, $130.25. 2. Customer NSF check returned with bank statement, $419.20. Cash sales of $834.25 for the week ended December 18 were recorded on the books. The cashier reports this amount missing, and it was not deposited in the bank. 4. Note receivable of $2,400.00 and interest of $24 collected by the bank and not recorded on the books. 5. Deposit in transit December 31, $330.00. 3. 6. A customer check for $195.40 in payment of its account was recorded on the books at $945.10. Outstanding checks, $2,035.55. Includes a duplicate check of $70.85 to C. Brown, who notified Miller that the original was lost. Miller stopped payment on the original check and has already adjusted the cash account in the accounting records for this amount. Required: 1. Prepare a December 31 bank reconciliation for Miller 2. Prepare any journal entries necessary by Miller to record the information from Requirement 1.