Question: The bank statement for Kaibab Inc., indicates a balance of $8,509.00 on Sept. 30, 2007. After journals for September had been posted, cash account had a balance of $4,054.00. Do not forget the heading. Create bank reconciliation on the basis of the following reconciling items:
[A] Cash sales of $342 had been erroneously recorded in the cash receipts journal as $324.
[B] Deposits in transit not recorded by bank, $750.
[C] Bank debit memorandum for service charges, $24.00.
[D] Bank credit memorandum for note collected by bank, $3,260, including $50 interest [$50 is included in the $3,260].
[E] Bank debit memorandum for $218 NSF [not sufficient funds] check from Jill Sanders, a customer. Checks outstanding $2,200.