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The cash account for Bonita Medical Co. at September 30, 2008, indicated a balance of $5,353.30

The cash account for Bonita Medical Co. at September 30, 2008, indicated a balance of $5,353.30
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The cash account for Bonita Medical Co. at September 30, 2008, indicated a balance of $5,353.30. The bank statement indicated a balance of $5,604.60 on September 30, 2008. Comparing the bank statement and the accompanying canceled checks and memoranda with the records revealed the following reconciling items: a. Checks outstanding totaled $4790.45 b. A deposit of $9,226.15, representing receipts of September 30, had been made too late to appear on the bank statement. c. The bank had collected $ 7,725 on a note left for the collection. The face of the note was $ 7,500. d. A check for $4,315 returned with the statement had been returned incorrectly recorded by Bonita Medical Co. as $ 3,415. The check was for the payment of an obligation to Rowe Co. for the purchase of office equipment on account. e. A check drawn for $230 had been erroneously charged by the bank as $2,300. f. Bank service charges for September amounted to $50. Instructions 1. Prepare a bank reconciliation 2. Journalize the necessary entries. The accounts have not been closed. NOTE: This question is NOT our property; we are only suggesting solution of this question.

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