Merrifield Lawn Care's bank statement at August 31,2016 showed an ending balance of $23,716.87.The unadjusted cash account balance for Merrifield is $20,237.98.The following data were gathered by Merrifield's accountant:
Check number 2143 was correctly written for $427.It was recorded in the company's books as $472 for utilities.
Outstanding checks as of August 31: $7,128.71
NSF check from customer: $71.82
Debit memo related to the returned deposit: $8.00
Credit memo related to interest earned: $10.00
Deposits in transit: $3,625.00
Required: 1)Prepare a bank reconciliation for Merrifield Lawn Care at August 31,2016.
2)Prepare the required journal entries for Cash at August 31,2016.

Question

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The Answer of Merrifield Lawn Care's bank statement at August 31,2016 showed an ending balance of $23,716.87.The unadjusted cash account balance for Merrifield is $20,237.98.The following data were gathered by Merrifield's accountant:
Check number 2143 was correctly written for $427.It was recorded in the company's books as $472 for utilities.
Outstanding checks as of August 31: $7,128.71
NSF check from customer: $71.82
Debit memo related to the returned deposit: $8.00
Credit memo related to interest earned: $10.00
Deposits in transit: $3,625.00
Required: 1)Prepare a bank reconciliation for Merrifield Lawn Care at August 31,2016.
2)Prepare the required journal entries for Cash at August 31,2016.

Merrifield Lawn Care's Bank Statement at August 31,2016 Showed an Ending