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4-2B - Bank Reconciliation (Clearing Prior Month Items) CompuStore Inc.'s bank reconciliation dated August 31, 2024 is shown below. CompuStore Inc. Bank Reconciliation August 31 Ending Balance per bank: Add: Deposits in transit Deduct: Outstanding cheques Cheque #824 $700 Cheque #825 Cheque #826 1.000 Reconciling Balance $32.800 1,500 1,100 (2.800) $31.500 The company's cash T-Account for September shows the following information: 735 Sept 2 Sept 4 Cash Date Comments Amount Date Comments Amount Sept 1 Opening balance 31,500 Sept 1 Cheque #827 450 Sept 5 Deposit 3,000 Sept 3 Cheque #828 4.800 Sept 21 Deposit 2,500 Sept 10 Cheque #829 325 Sept 26 Deposit 6,000 Sept 12 Cheque #830 1.520 Sept 30 Deposit 4,500 Sept 15 Cheque #831 1.300 Sept 19 Cheque #832 700 Sept 21 Cheque #833 7,600 Sept 22 Cheque #834 1,950 Sept 25 Cheque #835 50 Sept 28 Cheque #836 Sept 29 Cheque #837 805 27,265 The following comes from the company's September 2024 Bank Statement: Date Description Withdrawals Deposits Balance Sept 1 Balance forward $32,800 Sept 1 Cheque #824 700 32,100 Cheque #825 1,100 Sept 2 31,000 NSF Cheque - J. Staples 500 30,500 Sept 2 Deposit 1,500 32,000 Cheque #827 450 31,550 Sept 6 Deposit 3,000 34,550 Sept 8 Cheque #828 4,800 29,750 Sept 10 EFT- Utilities 150 29,600 Sept 16 Cheque #830 1.520 28.080 Cheque #829 352 27,728 Deposit 2,500 30.228 Bank collection 2,200 32,428 Cheque #832 700 31,728 Deposit 6,000 37,728 Cheque #834 1.950 35,778 Sept 30 Cheque #835 50 35,728 Sept 30 Bank plan fee 25 35,703 Sept 30 Interest 3 35,706 Additional Information: A- The correct amount of cheque #829-a payment of an account payable is $325. The bank made an error. B - The bank collection was a note receivable. The note included principal of $2,000 and interest of $200. No previous interest accruals had been made on the note. Required a.) Prepare a bank reconciliation dated September 30, 2024. b.) Record any required adjustments based on your reconciliation. Sept 18 Sept 21 Sept 23 Sept 24 Sept 27 Sept 28
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