El Gato Painting Company maintains a checking account at American Bank. Bank statements are...

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Accounting

El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month.
The November 30,2024, reconciliation of the bank balance is as follows:
The company's general ledger checking account showed the following for December:
The December bank statement contained the following information:
The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for
check #365. In addition, there are some December checks that had not been processed by the bank by the end of the month. Also,
you discover that check #411 for $730 was correctly recorded by the bank but was incorrectly recorded on the books as a $370
disbursement for advertising expense. Included in the bank's deposits is a $1,500 deposit incorrectly credited to the company's
account. The deposit should have been posted to the credit of the Los Gatos Company. The NSF checks have not been redeposited
and the company will seek payment from the customers involved.
Required:
Prepare a bank reconciliation for the El Gato checking account at December 31,2024.
Prepare any necessary adjusting journal entries indicated.
Complete this question by entering your answers in the tabs below.
Prepare a bank reconciliation for the El Gato checking account at December 31,2024.
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