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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:

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			8	640			5	13,770
	15	1,360	610			9	552			8	13,130
	17	1,540	611			15	488			9	13,322
	25	1,028	612			17	674			15	14,194
	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

A list of deposits made and checks written during September is shown below:

Deposits Made		Checks Written
Sept.	1	$1,120		No.	607	$1,850
	4	850			608	1,100
	8	744			609	640
	12	1,360			610	552
	16	1,540			611	488
	24	1,028			612	746
	29	680			613	310
	30	1,266			614	920
		$8,588			615	386
					616	420
						$7,412

The Cash in Bank account balance on September 30 was $15,286. In reviewing checks returned by the bank, the accountant discovered that check No. 612 written for $674 for advertising expense, was recorded in the cash disbursements journal as $746. The NSF check written for $1,028, which Winton deposited on September 24, was a payment on account from customer D. Walker. Required a. Prepare a bank reconciliation for Winton, Inc., at September 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation.

• Bank reconciliation
• Journal entries

WINTON, INC. Bank Reconciliation September 30
AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer	AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer
AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer	Add: Check No. 612 for	Answer
	Answer	recorded as	Answer	Answer
	Answer
Less: Outstanding checks (list in numerical order)		Less: NSF Check of D. Walker	Answer
	Check no.	Amount
	603	Answer		AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer	Answer
	Answer	Answer
	Answer	Answer
	Answer	Answer	Answer
AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer	AnswerEnding Balance from Bank StatementBalance from General LedgerAdd: Deposits not credited by bankService chargeReconciled Cash Balance	Answer

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