Laymon Boat Company's Bank Statement for the Month of September

Essay

Laymon Boat Company's bank statement for the month of September showed a balance per bank of €7,000. The company's Cash account in the general ledger had a balance of €4,667 at September 30. Other information is as follows:
(1) Cash receipts for September 30 recorded on the company's books were €5,000 but this amount does not appear on the bank statement.
(2) The bank statement shows a debit memorandum for €60 for check printing charges.
(3) Check No. 119 payable to Mann Company was recorded in the cash payments journal and cleared the bank for €248. A review of the accounts payable subsidiary ledger shows a €36 credit balance in the account of Mann Company and that the payment to them should have been for €284.
(4) The total amount of checks still outstanding at September 30 amounted to €5,800.
(5) Check No. 138 was correctly written and paid by the bank for €429. The cash payment journal reflects an entry for Check No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for €492.
(6) The bank returned an NSF check from a customer for €530.
(7) The bank included a credit memorandum for €2,060 which represents collection of a customer's note by the bank for the company; principal amount of the note was €2,000 and interest was €60. Interest has not been accrued.
Instructions
(a) Prepare a bank reconciliation for Laymon Boat Company at September 30.
(b) Prepare any adjusting entries necessary as a result of the bank reconciliation.