Jarvis Lawn Care's bank statement at August 31, 2013 showed an ending balance of $47,433.74. The unadjusted cash account balance for Jarvis is $40,475.96. The following data were gathered by Jarvis'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: $14,257.41.
NSF check from customer: $98.63
Debit memo for fee related to the NSF check returned by the bank: $16.00
Credit memo related to interest earned: $20.00
Deposits in transit: $7,250.00
Required:
1) Prepare a bank reconciliation for Jarvis Lawn Care at August 31, 2013
2) Prepare the required journal entries for Cash at August 31, 2013

Question

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The Answer of Jarvis Lawn Care's bank statement at August 31, 2013 showed an ending balance of $47,433.74. The unadjusted cash account balance for Jarvis is $40,475.96. The following data were gathered by Jarvis'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: $14,257.41.
NSF check from customer: $98.63
Debit memo for fee related to the NSF check returned by the bank: $16.00
Credit memo related to interest earned: $20.00
Deposits in transit: $7,250.00
Required:
1) Prepare a bank reconciliation for Jarvis Lawn Care at August 31, 2013
2) Prepare the required journal entries for Cash at August 31, 2013

Jarvis Lawn Care's Bank Statement at August 31, 2013 Showed