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At December 31, 2016, the Cash account in the Tyler Company's general ledger had a $18,434.27. The December 31, 2016, bank statement showed a balance of $19,726.40. In re amounts, you discover the following: Bank deposits made by Tyler on December 31 amounting to $2,145.40 do not appear A no 1. on the bank st 2. n-interest-bearing note receivable from the Smith Company for $2,000, left with the e bank for collece tion, was collected by the bank at the end of December. The bank credited the proceeds, less a so 3. Accompanying the bank statement is a debit memorandum indicating that John Miller's check o 4. Check No. 586, written for advertising expense of $869.10, was recorded as $896.10 by Tyler Coman charge, on the bank statement. Tyler Company has not recorded the collection. or S450 was charged against Tyler's bank account on December 30 because of insufficient funds. ompany 5. A comparison of the paid checks returned by the bank with the recorded disbursements revealed that following checks are still outstanding as of December 31 282.50 243.00 476.40 No. 593.. . . 6. The bank mistakenly charged Tyler Company's account for check printing costs of $30.50, which shou have been charged to Taylor Company. 7. The bank charged Tyler Company's account $42.50 for the rental of a safe deposit box. No entry has be made in Tyler's records for this expense. Required a. Prepare a bank reconciliation as of December 31, 2016 b. Prepare any necessary journal entries at December 31, 2016. Solution a

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