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

note collected by bank 1200

interest on note 60

error found in recording check 15658

check was recorded as $590

check cleared bank $950

check was for purchase of office supplies

invoice was for $950

nsf check from Ollie Owl — $350

bank service charges $45

Balance per bank statement: 8982.48

Prepare a bank reconciliation.