The cash balance per books for Wellmeyer Company on December 31, 2012, is $8,736.01. (deposits in transit from last month $5484.38)(outstanding checks from last month: No.14 $148.29) The following checks and receipts were recorded for the month of December 2012:Checks Receipts No. Amount No. Amount Amount Date 17 $372.96 22 $ 578.84 $ 843.86 12/518 780.62 23 1,687.50 941.54 12/2119 157.00 24 921.30 808.58 12/2720 587.50 25 246.03 967.00 12/3121 234.15 In addition, the bank statement for the month of December is presented below: Check No. 18 was correctly written for $708.62 for a payment on account. The NSF check was from S. Gill, a customer, in settlement of an account receivable. An entry has not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of $60 that has not been accrued. The bank service charge is $15.00. Prepare the bank reconciliation at December 31.Prepare the adjusting journal entries required by the bank reconciliation.
Optional Information: Level/Year: freshmen Subject: accounting Already Tried: this is my last problem of my homework and i really need help i dont understand nothing about this part
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The cash balance per books for Wellmeyer Company on December 31, 2012, is $8,736.01. (deposits in transit from last month $5484.38)(outstanding checks from last month: No.14 $148.29) The following checks and receipts were recorded for the month of December 2012:
Checks
Receipts
No.
Amount
Date
17
$372.96
22
$ 578.84
$ 843.86
12/5
18
780.62
23
1,687.50
941.54
12/21
19
157.00
24
921.30
808.58
12/27
20
587.50
25
246.03
967.00
12/31
21
234.15
In addition, the bank statement for the month of December is presented below:
(a)
Prepare the bank reconciliation at December 31.
(b)
Prepare the adjusting journal entries required by the bank reconciliation.
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