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View Policies Current Attempt in Progress Riverbed Company's bank statement for the month ended January 31 showed a balance per bank of $34,728. The company's Cash balance at January 31 was $16,398. Other information is as follows: 1. 2. 3. Cash receipts for January were $87,679 of which $5,209 was outstanding at January 31, The bank statement shows a debit memorandum for $85 for cheque printing charges. Cheque No. 119 payable to Cain Company was recorded in the general journal and cleared the bank for $293. A review of the Accounts Payable subsidiary ledger shows a $81 credit balance in the account of Cain Company and that the payment to it should have been for $329. The total amount of cheques written during January was $75,026 of which $5,879 was outstanding at January 31. Cheque No. 127 was correctly written and paid by the bank for $327. The general journal reflects an entry for Cheque No. 127 as a debit to Accounts Payable and a credit to Cash for $372. The bank returned an NSF cheque from a customer for $650. The bank included a credit memorandum for $18,350, which represents an EFT collection of a customer's account. 4. 5. 6. 7. Prepare a bank reconciliation for Riverbed Company at January 31. (List items that increase balance as per bank & books first.) RIVERBED COMPANY Bank Reconciliation RIVERBED COMPANY Bank Reconciliation Do >> - / 18 Prepare any journal entries necessary as a result of the bank reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter for the amounts List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 31 (To correct error in recording Cheque No. 127.) Jan. 31 (To record collection of accounts receivable by the bank.) Prepare any journal entries necessary as a result of the bank reconciliation. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.f no entry is required, select "No Entry" for the account titles and enter for the amounts List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 31 (To correct error in recording Cheque No. 127.) Jan. 31 (To record collection of accounts recevable by the bank.) Jan. 31 (To record cheque printing charges.) Jan. 31 (To record NSF cheque.) Suve for Later Attempts: 0 of 1 used Subunit

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