Question 2 Rinta Ltd's accountant is preparing the bank reconciliation at 3 1 December 2018. The book balance was same as bank balance for 30 November. The December bank statement showed the following checks and deposits. Bank Statement 08.ITSI Deposits Checks S Date Amount Amount Number Date $2,530.20 12-1 $1,640.70 3475 12-4 1,211.60 12-4 1,300.00 3476 0S SI 12-8 12-8 2,365.10 2,130.00 -SAS 8S-SI 08- IE-CI 3477 12-10 2,672.70 12-16 3,080.00 3479 12-15 2,945.00 12-21 600.00 3480 12-27 2,567.30 12-26 475.50 3482 12-30 2,836.00 12-29 1,140.00 3483 12-29 1,025.00 12-30 540.80 3485 12-31 $18,152.90 Total $10,907.00 Total The cash records per books for December showed the followings. Cash Payments Journal Amount Number Date Amount Number Date 475.50 3482 12-20 $1,640.70 3475 12-1 1,140.00 3483 12-22 1,300.00 3476 12-2 798.00 12-23 3484 2,130.00 3477 12-2 450.80 3485 12-24 621.30 3478 12-4 1,889.50 3486 12-30 3,080.00 3479 12-8 720.10 3487 12-30 3480 600.00 12-10 1,050.00 3481 12-31 3488 12-17 807.40 Total $16,703.30 PhotoGrid Cash Receipts Journal Date Amount $2,530.20 12-1 12-3 1,211.60 12-7 2,365.10 12-15 2,672.70 12-20 2,954.00 2,567.30 12-25 12-28 2,836.00 00.003 02.2TA 00.081D 1,025.00 12-30 1,190.40 $19,352.30 12-31 es E1 634E 2PE Total IE SE SE Toe o12 The bank statement contained two memoranda: 1. A credit of $3,645 for the collection of a $3,500 note for Rintala plus interest of $160 and less a collection fee of $15. Rinta has not accrued any interest on the note. 2. A debit of $572.80 for an NSF check written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. At December 31, the cash balance per books was $12,485.20, and the cash balance statement was $20,154.30. The bank did not make any errors, but two errors were made by Rinta. the bank per Instructions (a) Prepare a bank reconciliation at December 31 (b) Prepare the adjusting entries based on the reconciliation. (Hint: The correction of pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) any errors 08 S 08108 18AE 0580var PhotoGrid