Problem -
Bank reconciliation and Journal Entries
Cash Receipts
Date Cash Debit
Dec. 4 $4,000
9 510
14 550
17 2,150
31 1,830
Cash Payments
Check No Cash Credit
888 $840
889 170
890 680
891 1,190
892 1,470
893 1,200
894 630
ABC Comp Cash account shoes balance of $17,050 at June 31, ABC Comp
Additional data
1. EFT credit was a receipt of rent. The EFT debt was a ABC payment
2. The NFS check was received from a customer
3. The $1,600 bank collection was a for a note receivable
4. The correct amount of check 891 for rent expense is $1,910. ABC Comp controller mistakenly recorded the check $1,190
Requirements
1. Prepare the bank reconciliation for ABC Company June 31, 2017?
2. Journalize any required from the bank reconciliation.