Problem 1: Bridger Enterprises has a 12/31/2011 year-end. The prior accountant for Bridger, Sammy Squirrel, retired at the end of 2011 before he prepared any adjusting entries for the company. The 2011 books are still open. Please prepare any entries necessary to issue correct financial statement for the year end 12/31/2011.
Cash Book Balance: $8679.48
Deposits in transit: $1,575
Outstanding checks: $1,373
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note collected by bank 1200 |
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interest on note 60 |
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error found in recording check 15658 |
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check was recorded as $590 |
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check cleared bank $950 |
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check was for purchase of office supplies |
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invoice was for $950 |
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nsf check from Ollie Owl — $350 |
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bank service charges $45 |
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Balance per bank statement: 8982.48
Prepare a bank reconciliation.