Please prepare a bank reconciliation and journal entries for the month endedApril 30th for Bannon Co. Balance per bank statement $ 9,915 Balance per cash general ledger account (books) $ 8,954 April 30th deposit of $ 2,600 is not on the bank statement (Deposit in Transit) Check numbers #219 for $ 1000 and # 222 for $ 1,100 written in Aprildo not appear on the April bank statement (Outstanding Checks) Debit memo for a $ 20 service charge appeared on the bank statement The bank incorrectly deducted $ 400 from Bannon’s checking account 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 statement A check from Apple Co. for $ 150 was returned by the bank marked NSF The bank added $40 of interest earned directly to the checking account balance A Cash Sale in the amount of $ 297 was erroneously journalnized by the Bannon Co.Bookkeeper for An error on the part of the was discovered when it was determined that a cash sale in the amount of $ 297 was erroneously journalized as $ 270 A payment to Orange Co. (a creditor) for $51 was erroneously journalizedby the Bannon Co. bookkeeper for $ 15

A Journal entry is a primary entry that records the financial transactions initially. The…

Answered: Please prepare a bank reconciliation…

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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Please prepare a bank reconciliation and journal entries for the month ended

April 30^th for Bannon Co.

Balance per bank statement $ 9,915

Balance per cash general ledger account (books) $ 8,954

April 30^th deposit of $ 2,600 is not on the bank statement (Deposit in Transit)

Check numbers #219 for $ 1000 and # 222 for $ 1,100 written in April

do not appear on the April bank statement (Outstanding Checks)

Debit memo for a $ 20 service charge appeared on the bank statement

The bank incorrectly deducted $ 400 from Bannon’s checking account

The bank collected a note on behalf of the company in April, a credit

memo for net proceeds of $ 2,000 included the principal of $1,900,

interest of $ 150, less a collection fee of $ 50 accompanied the bank statement

A check from Apple Co. for $ 150 was returned by the bank marked NSF

The bank added $40 of interest earned directly to the checking account balance

A Cash Sale in the amount of $ 297 was erroneously journalnized by the Bannon Co.Bookkeeper for An error on the part of the was discovered when it was determined that a cash sale in the amount of $ 297 was erroneously journalized as $ 270

A payment to Orange Co. (a creditor) for $51 was erroneously journalized

by the Bannon Co. bookkeeper for $ 15

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