On October 7, 2019, Peter Chen, attorney-at-law, received his September bank statement from First Texas National Bank. Enclosed with the bank statement, which appears below, 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, 2019.
2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries September 30, 2019.

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

Transcribed Image Text:

DATE TRANSACTIONS $6,500 100 Sept. 1 Check 104 Check 105 Deposlt Check 106 Deposlt Check 107 Check 108 Check 109 Deposlt Check 110 Check 111 Check 112 Deposlt 500 225 410 200 75 10 15 21 730 16 25 25 27 28 140 2 900 FIRST TEXAS NATIONAL BANK 1-877-987-6543 Account Number 22-5654-30 Peter Chen, Attorney-at-Law 3510 North Central Expressway Dallas, TX 75232-2709 September 1-30, 2019 ACTIVITY SUMMARY S6,500.00 1,640.00 (816.50) S7.323.50 Withdrawals and debits Balance, January 31 Deposits/ Credits Withdrawals 500.00 410.00 730.00 0 8/19Debit for NSF Check 1.640.00