On October 7, 2016, Peter Chen, attorney-at-law, received his September bank statement from First Texas National Bank. Enclosed with the bank statement, which appears on the next page, was a debit memorandum for $118 that covered an NSF check issued by Annette Cole, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during September. The balance of the Cash account and the checkbook on September 30 was $8,134.

INSTRUCTIONS
1. Prepare a bank reconciliation statement for the firm as of September 30, 2016.
2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries September 30, 2016.

Analyze:
How many checks were paid (cleared the bank) according to the September 30 bankstatement?

Transcribed Image Text:

DATE TRANSACTIONS 60 80 FIRST TEXAS NATIONAL BANK 1-877-987-6543 Peter Chen, Attorney-at-Law 3510 North Central Expressway Dallas, TX 75232-2709 Account Number 22-5654-30 September 1-30, 2016 S 6,500.00 Balance, January 1 1,640.00 (816.50) $ 7,323.50 Withdrawals and debits Deposits Crodits balance 500.00 410.00 911V16 Check No. 105 911/16 Check No. 107 9115/16 Check No. 106 919116 Check No. 109 730.00 9/2516 Check No. 110 9/25/16 Check No. 111 9/28/16 DebiL for NSF Check 1,640.00