Several source documents from RJ’s Tax Services are presented below. Additional information is as follows.
a. The PMT on September 29 was a loan payment taken out of RJ’s Tax Services account in error due to a bank clerk’s mistake.
b. Cheque No. 674 was a payment for insurance to B. Brubacher Brokers. Thebbookkeeper recorded it as $690 in error.
c. The NSF cheque was in payment of an accounts receivable balance owed by Vinny Vanelswyk.

Required
Prepare the bank reconciliation at September 30, 2023, as well as the necessary journal entries for RJ’s Tax Services.

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Bank Statement Balance Add: Deposits in transit (Aug 29) RJ's Tax Services Bank Reconciliation August 31, 2023 Deduct: Outstanding cheques No. 669 600 No. 670 549 Adjusted Bank Balance $3,000 1,500 4,500 1,149 $3,351 Unadjusted Cash G/L Balance Adjusted Cash G/L Balance $3,351 $3,351