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Journalize the necessary entries and bank reconciliation

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Reference no: EM132759410

The following data were accumulated for use in reconciling the bank A/C of Watson for March:

a. Cash balance according to the company's records at March 31, $16,085.

b. Cash balance according to the bank statement at March 31, $17,350.

c. Cheques outstanding, $6,170.

d. Deposit in transit, not recorded by bank, $5,100.

e. A cheque for $180 in payment of an account was erroneously recorded in the cheque register as $810.

f. Bank debit memo for service charges, $35

g. NSF cheque, $400.

Problem 1: Journalize the necessary entries and bank reconciliation.

Reference no: EM132759410

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