Accounting records show four checks issued that have not cle

Accounting records show four checks issued that have not cleared the bank: #9762 $1,000 #9763 $500 #9770 $2,500 #9771 $200 Interest credited by the bank for the month of April 2012 is $t00. Bank charges for the month totaled $50. Credit card fees for the month were $?50. 1. Complete both the bank reconciliation and the journal entry, shown below, using the following information Balance per bank statement at 4/30/2012 is $22,000. Balance per accounting records at 4/30/2012 is $22,100. Accounting records show two deposits that are not on the bank statement: 4/29/2012 4/30/2012 .The bank returned one check for non-sufficient $1,500 $2.500 funds in the amount of $200. Bank Reconciliation DATE: Balance per Bank Statement ADD: Deposits in Transit LESS: Checks Outstanding AMOUNT Adjusted Bank Balance Cash Balance per Accounting Records ADD: Interest Received LESS: Bank Charges OURNAL ENTRY LESS. Credt Card FsJOURNAL ENTRY ? XuRNALENTRY LESS Non-sufficient Funds Checks Other Recondiling tems Adjusted Cash Balance (continued)

Solution

Solution:

Bank Reconciliation Statement
4/30/2012
Balance as per Bank Statement		$22,000.00
Add: Deposit in transit
4/29/2012	$1,500.00
4/30/2012	$2,500.00
Total additions		$4,000.00
Less: Checks outstanding:
Check 9762	$1,000.00
Check 9763	$500.00
Check 9770	$2,500.00
Check 9771	$200.00
Total Deductions		$4,200.00
Adjusted Bank Balance		$21,800.00
Cash Balance per accounting records		$22,100.00
Add: Interest Received		$100.00
Less: Bank Charges		$50.00
Less: credit Card fees		$150.00
Less: Not sufficient funds checks		$200.00
Adjusted Book Balance		$21,800.00