The bank statement for Allen Co. indicates a balance of $8,000.00 on June 30. After the journals for June had been posted, the cash account had a balance of $3,675.00. Prepare a bank reconciliation on the basis of the following reconciling items: (a) Cash sales of $342 had been erroneously recorded in the cash receipts journal as $324. (b) Deposits in transit not recorded by bank, $500. (c) Bank debit memorandum for service charges, $25. (d) Bank credit memorandum for note collected by bank, $2,850, including $50 interest. (e) Bank debit memorandum for $218 NSF (not sufficient funds) check from Alice Bell, a customer. (f) Checks outstanding, $2,200.
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