The Following Information Is Available for the Victor Company for Its

question 2

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.
100
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.

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Definitions:

Intertubercular Sulcus

A groove on the humerus bone that houses the tendon of the biceps brachii muscle.

Humerus

The long bone in the upper arm, running from the shoulder to the elbow.

Proximal Row

Refers to the row of carpal bones in the wrist closest to the forearm, including the scaphoid, lunate, triquetrum, and pisiform bones.

Carpals

The eight small bones that make up the wrist that connects the hand to the forearm.