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# The December bank statement showed the following checks and deposits. Bank Statement Date 12-1 12-2 12-7 12-4 12-8 12-10 12-15 12-27 12-30 Checks...

Please check attachment ... Need help on two problems creating Bank Reconciliation and adjusting entries based on the reconciliation

The December bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 12-1 3451 \$2,260.40 12-1 \$ 2,530.20 12-2 3471 844.50 12-4 1,211.60 12-7 3472 1,426.80 12-8 2,365.10 12-4 3475 1,640.70 12-16 2,672.70 12-8 3476 1,300.00 12-21 2,945.00 12-10 3477 2,130.00 12-26 2,567.30 12-15 3479 3,080.00 12-29 2,836.00 12-27 3480 600.00 12-30 1,025.00 12-30 3482 475.50 Total 18,152.90 12-29 3483 1,140.00 12-31 3485 530.80 Total \$15,428.70 The cash records per books for December showed the following. Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 12-1 3475 \$1,640.70 12-20 3482 \$475.50 12-3 \$ 1,211.60 12-2 3476 1,300.00 12-22 3483 1,140.00 12-7 2,365.10 12-2 3477 2,130.00 12-23 3484 796.97 12-15 2,672.70 12-4 3478 621.30 12-24 3485 350.80 12-20 2,954.00 12-8 3479 3,080.00 12-30 3486 1,889.50 12-25 2,567.30 12-10 3480 600.00 Total \$14,832.17 12-28 2,836.00 12-17 3481 807.40 12-30 1,025.00 12-31 1,190.40 Total \$16,822.10 The bank statement contained two memoranda: 1. A credit of \$3,785.15 for the collection of a \$3,640.15 note for Rintala Company plus interest of \$160.00 and less a collection fee of \$15.00. Rintala Company has not accrued any interest on the note. 2. A debit of \$573.83 for an NSF check written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. At December 31, the cash balance per books was \$12,916.94, and the cash balance per the bank statement was \$20,635.16. The bank did not make any errors, but two errors were made by Rintala Company. (a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Reconcile the bank balance frst and then the book balance.) RINTALA COMPANY Bank Reconciliation December 31, 2014
\$ Add: Less: \$ \$ \$ Add: Less: \$ \$ (b) Prepare the adjusting entries based on the reconciliation. (Hint: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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