the cash account of infomining Co.,Ltd. show a ledger balance of $6,787.65 on January 31, 20X8. the bank statement as of that date showed a balance of $6,200. Upon comparing the statement with the cash records, the following facts were determined.
1. there were bank service charges for january of $25.
2. A bank memo stated that somjai Business's note for $920 and interest of $36 had been collected on january 29, and the bank had made a charge of $5.50 on the collection (No entry had been made on infomining's books when somjai Business's note was sent to the bank for collection.)
3. A deposit of $ 3,400 mailed to the bank on january 31,2008 did not appear on the bank statement
4. Checks outstanding on january 31 totaled $1,807.50.
5. The bank statement indicated a dabit memo for the infomining's account for a customer's uncollectible check , marked NSF amounting $402.45 no january 29.
6. A customer's check for $180 had been entered as $150 in the cash receipts journal by infomining on january 15 .
7. Check no. 232 in the amount of $491 had been entered in the cashbook as $419, and check no. 239 in the amount of $58.20 had been entered as $582. Both checks had been issued to pay for purchases of equipment.
lnsteuctions
(a) Prepare a bank reconciliation for the infomining Co.,Ltd. for january 31,20x8.
(b) Prepare any adjusting journal entries necessary to record the information requirement 1.