Eldorado Mining had the following information available from a November 2014 bank reconciliation: outstanding cheques totaling $2,890 and outstanding deposits totaling $2,140. The November 30 reconciled cash balance per the bank and books was $9,210.
Additional December information:
1. The December bank statement shows the following amounts and charges:
a) Credit item-note collection, $1,105, plus interest, $23
b) Debit item-NSF cheque from B. Jones, $242.
c) Service charges in the amount of $20
2. Cheques that cleared the bank in December totalled $30,212.
3. Deposits from the December bank statement, not including the credit item above, totalled $27,402.
4. Eldorado wrote and recorded cheques in the amount of $30,102.
5. Eldorado recorded collections and deposits of $34,370.
Required
Calculate the following at December 31, 2014:
a) The unadjusted balance in the cash account
b) The unadjusted balance in the bank account
c) Deposits in transit
d) Outstanding cheques
e) Reconciled bank balance
f) Reconciled book balance