Shown is the information needed to prepare a bank reconciliation for Warren Electric at December...
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Shown is the information needed to prepare a bank reconciliation for Warren Electric at December 31. 1. At December 31, cash per the bank statement was $15,200; cash per the company's records was $18,000. 2. Two debit memoranda accompanied the bank statement: service charges for December of $23, and a $775 check drawn by a customer, Jane Jones, marked NSF. 3. Cash receipts of $10,000 on December 31 were not deposited until January 4. 4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620 for $1,100, no. 630 for $2,400, and no. 641 for $4,498. a. Prepare a bank reconciliation at December 31. b. Prepare the necessary journal entry or entries to update the accounting records. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a bank reconciliation at December 31. WARREN ELECTRIC Bank Reconciliation December 31 Balance per bank statement Adjusted cash balance Balance per depositor's records Adjusted cash balance
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