Bank Reconciliation

CD Corporations bank statement dated May 31, 2017 shows a balance of $20,659.21. The company's cash records on the same date show a balance of $17,085.46. Following additional information is available:

Following checks issued by the company to its customers are still outstanding:

No. 245 issued on Apr 28 $1,320.00

No. 312 issued on May 22 - 128.01

No. 315 issued on May 28 - 1,575.00

No. 322 issued on May 31 - 54.58

N0. 323 issued on May 31 - 2,455.02

A deposit of $727.00 made on May 31 does not appear on bank statement.

3. A deposit of $1,427.04 made on May 30 does not appear on the bank statement.

4. An NSF check of $75 was returned by the bank with the bank statement. The check related to a payment made by BQ Corporation.

The bank charged $35 as service fee.

Interest income earned on the company's average cash balance at bank was $125.18

A deposit of $850 was incorrectly entered as $580 in the company's cash records. This deposit related to cash sales from May 29, 2017.

A deposit of $1,560 was incorrectly entered as $1,650 in the company cash records. This deposit related to a payment from KR corporation.

Instructions:

Prepare a bank reconciliation statement using the above information.

Journalize the necessary entries.

3, Your bank reconciliation and journal entries must be typed. Points will be deducted for handwritten submissions.