Question

Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 31 showed: Deposit in transit of $1,280 Outstanding checks no.597 $830 no.603 $640 The reconciled cash balance on August 31 was $14,110 The following bank statement is available for September: 640 Bank Statement TO Winton, Inc. September 30 St. Louis, MO STATE BANK Date Deposits No. Date Charges Date Balance Sept. 1 $1,280 597 Sept. 1 $830 Aug. 31 $14,300 2. 1,120 607 5 1,850 Sept. 1 14,750 5 850 608 5 1,100 2 15,870 9 744 609 9 552 5 13,770 15 1,360 610 8 8 13,130 17 1,540 611 17 488 9 13,322 25 1,028 612 15 674 15 14,008 30 680 614 25 920 17 15,060 NSF 29 1,028 25 15,168 SC 30 36 29 14,140 30 14,784 Item codes EC: Error Correction DM: Debit Memo CM: Credit Memo SC: Service Charge OD: Overdraft RT: Returned Item IN: Interest Earned NSF: Non-sufficient Funds

Answer 1

1	WINTON, Inc.
	Bank Reconciliation
	September 30
	Ending Balance from Bank Statement		14,784	Balance from General Ledger		15,286
	Add: Deposit not credited by bank		1,266	Add: Check No. 612 for	674
			16,050	recorded as	746	72
						15,358
	Less: Outstanding cheques			Less: NSF Check D. Walker	1,028
	Check No.	Amount		Service charge	36
	603	640
	613	310
	615	386
	616	420	1,756			1,064
	Reconciled Cash Balance		14,294	Reconciled Cash Balance		14,294
Date	Account Titles and Explanation	Debit	Credit
Sep 30	Cash	72
	Accounts Payable		72
Sep 30	Accounts Receivable	1,028
	Cash		1,028
Sep 30	Miscellaneous expense	36
	Cash		36