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Given the information provided below prepare 1 a bank

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Given the information provided below, prepare 1, a bank reconciliation in proper format, and 2, the necessary journal entries for the month of April for Donovan Company.

1. Balance per Bank on April 30-$20,601

2. Balance per Books on April 30-$19,262

3. Total outstanding checks at April 30-$2,180

4. Debit memoranda:

a. NSF check from Levi Co.-$475

b. Printing company checks-$45

c. Payment to bank of $1,200 note owed bank by Donovan plus $100 interest.

5. Credit memorandum: Collection of note receivable for $1,600 plus $240 interest less $50 collection fee.

6. Errors:

a. A check written this month to Nuance Co. for office supplies cleared the bank at the correct amount of $420,
but was recorded by Donovan at $240.

b. The bank charged a $270 check of Dylan Company against Donovan's account this month.

7. Deposit in transit on April 30-$361.

Required:

1. Prepare bank reconciliation in proper format

2. Prepare journal entries

Reference no: EM13391123

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