The Following Information Is Available for the Victor Company for Its

Essay

The following information is available for the Victor Company for its March 31 bank reconciliation:
From the March 31 bank statement:
$$\begin{array} { | r | r | r | r | } \hline \text { Previous } & \text { Total Checks and } & \text { Total Deposits and } & \text { Current } \\\text { Balance } & \text { Debits } & \text { Credits } & \text { Balance } \\\hline \$ 9,908 & \$ 7,805 & \$ 11,905 & \$ 14,008 \\\hline\end{array}$$ NSF: A check from a customer, Booker Co. in payment of their account.
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IN: Interest earned on the account.
From the Victor Company's accounting records:
$$\begin{array}{c}{ \text { Cash Receipts Depasited } } \\\begin{array} { | l | c | r | } \hline \text { Date } && \text { Cash Debit } \\\hline \text { March } & 7 & 4,340 \\\hline & 27 & 7,270 \\\hline & 31 & \underline { 2,090 } \\\hline & & \underline { 13,700 } \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}\end{array}$$ $$\begin{array} {c}{ \text { Cash Disbursements } } \\\begin{array} { |r | r | } \hline \text { Check No. } & \text { Cash Debit } \\\hline 2905 & 170 \\\hline 2906 & 3,850 \\\hline 2907 & 460 \\\hline 2908 & 1,350 \\\hline 2909 & 725 \\\hline 2910 & \underline { 340 } \\\hline & \underline { 6.895 } \\\hline\end{array}\end{array}$$ 1. Based on the above information, prepare a bank reconciliation for the Victor Company.
2. Prepare the necessary general journal entries to adjust cash to the reconciled balance.