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The unadjusted cash account balance for Cali Company at December 31,...

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Accounting

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The unadjusted cash account balance for Cali Company at December 31, 2018 is $12,852. The bank statement showed an ending balance of $20,350 at December 31, 2018. The following information is available from an examination of the bank statement and the company's accounting records: 8,500 Bank Service Charge 19 Outstanding Checks NSF Check from a customer 450 Deposits in Transit 2,221 EFT (Collection from a customer) for $1,500 Less S10 collection fees. Check 1621 for the purchase of Equipment was written correctly and paid by the bank correctly for $432, but was recorded on the books at $234. Required: 1) Prepare a bank reconciliation for December, 2018 2) Prepare the necessary journal entries at December 31, 2018

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