44) Prepare a bank reconciliation using Fancy Clothing Store's information for August 31.
•Two deposits made on August 31 were not on the bank statement, totaling $7,413.
•The note.
•August 31 balance in Cash was $11,677.
•The bookkeeper forgot to record check # 1578 for $843 which was cashed by the bank on August 15th.
•The balance on the bank bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the statement as of August 31 was $8,387.
•Bank service charge of $140 was shown on the bank statement.
•Checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks.
45) Use the information below for Jamie Horiwitz Co. for March 31, to prepare a bank reconciliation to determine the balance in the Cash account as of March 31, before any reconciling items.
•Adjusted bank balance as of March 31 was $6,365.
•Outstanding checks totaled $850.
•Bud Harper's check for $260 was returned for NSF.
•March's service charge was $25.
•Bank collected $2,550 a note receivable for the company, which included interest of $50.
•A new bookkeeper had problems posting checks:
# 930 for Rent Expense written for $900, recorded as $90
#1207 for Office Equipment written for $8,450, recorded as $4,850.
•A deposit was shown on the bank statement as $965, when the deposit ticket was correctly totaled to be $695.
•Deposits made at month-end totaled $4,516; these were not shown on bank statement.
