Question Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. On October 5, Sam Yao, Attorney at Law, received his September bank statement from First Security National Bank. Enclosed with the bank statement was a debit memorandum for $112 that covered an NSF check issued by Julia Anderson, a credit customer. The firms checkbook contained the following information about deposits made and checks issued during September. The balance of the Cash account and the checkbooks on September 30 was $16,622.

This is the list of checks for this month...

Date Transactions Sept. 1 Balance $13,000 1 Check (124) 200 3 Check (125) 20 3 Deposit 1,000 6 Check (126) 450 10 Deposit 820 11 Check (127) 400 15 Check (128) 150 21 Check (129) 120 22 Deposit 1,460 25 Check (130) 8 25 Check (131) 40 27 Check (132) 70 28 Deposit 1,800

This the bank statement

FIRST SECURITY NATIONAL BANK Sam Yao, Attorney-at-Law 2222 Sam Houston Lane Columbus, OH 44106 Account No. 11-4568.03 Period Ending Sept. 30 CHECKS DEPOSITS DATE BALANCE

Beginning Balance August 31 13,000.00

1,000.00+ September 3 14,000.00

200.00- September 6 13,800.00

400.00- 20.00- 820.00+ September 11 14,200.00

450.00- September 15 13,750.00

120.00- September 19 13,630.00

1,460.00+ September 23 15,090.00

40.00- 8.00- September 25 15,042.00

7.50- SC 112.00- DM September 28 14,922.50

Instructions: (a) Prepare a bank reconciliation statement for the firm as of September 30. (b) Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries October 5. (c) Analyze: How many checks were paid (cleared the bank) according to the September 30 bank statement?