The August bank reconciliation for C& C Limited:

Balance per bank..................... $ 151,570

Plus: outstanding deposits 17,900

Less: Outstanding cheques ($ 11,245, $ 650, $ 1,570, $ 890, $ 120).. ( 14,475)

Cash, per general ledger ...................$ 154,995

September information, per books:

Opening balance: $ 154,995

September information, per bank:
Opening balance: $ 151,570

Required:
1. Prepare a bank reconciliation, in good form, at the end of September.
2. Prepare any adjusting journal entries required as a result of thereconciliation.

Transcribed Image Text:

Cash Receipts Journal Deposits 7 Sept ll Sept 14 Sept 22 Sept 25 Sept 30 Sept 30 Sept $ 4,600 42,500 17,800 13,400 21,600 13,210 1,750 114,860 Cash Disbursements Journal Cheques: 1030 1031 1032 1033 1034 1035 1036 11,000 24,650 24:780 75 8,165 7,900 40,420 $116,990 Deposits Cheques $1,570 $ 17,900 4,600 42,500 17,800 890 175 (cheque of C&S Co.) 90 (service charges) 5,750 (direct deposit by customer 11,000 24,780 120 on account) 13,400 21,600 $123,550 9,700* 24.650 $72.975