Please prepare a bank reconciliation and journal entries for the month endedApril 30th for Bannon Co.1) Balance per bank statement $ 9,9152) Balance per cash general ledger account (books) $ 8,9543) April 30th deposit of $ 2,600 is not on the bank statement (Deposit in Transit)4) Check numbers #219 for $ 1000 and # 222 for $ 1,100 written in Aprildo not appear on the April bank statement (Outstanding Checks)5) Debit memo for a $ 20 service charge appeared on the bank statement6) The bank incorrectly deducted $ 400 from Bannon's checking account7) The bank collected a note on behalf of the company in April, a creditmemo for net proceeds of $ 2,000 included the principal of $1,900,interest of $ 150, less a collection fee of $ 50 accompanied the bank statement8) A check from Apple Co. for $ 150 was returned by the bank marked NSF9) The bank added $40 of interest earned directly to the checking account balance10) A Cash Sale in the amount of $ 297 was erroneously journalvized by the BannonCo.Bookkeeper for An error on the part of the was discovered when it wasdetermined that a cash sale in the amount of $ 297 was erroneously journalized as $27011) A payment to Orange Co. (a creditor) for $51 was erroneously journalizedby the Bannon Co. bookkeeper for $ 15

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Answered: bank statement $ 9,915 cash general…

Business

Accounting

bank statement $ 9,915 cash general ledger account (bo0 eposit of $ 2,600 is not on the ban

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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