Bank reconciliation for Xenon inc

Xenon, Inc.’s August 31 Banl Statement had an ending cash balance of $2,657. On August 31, Xenon’s general ledger showed a balance of $860. After comparing the general ledger to the bank statement, the following items were noted:


– Outstanding checks, $2,250

– Interest paid by the bank, $12

– An NSF check from one of Xenon’s customers, $32

– Deposits in transit, $1,900

– Service fee charged by the bank, $8

– A direct deposit from a customer, $1,400

– Check #345 was written to Acme Insurance; the amount of the check was $615. It was recorded in the general ledger for $600.


Prepare a bank reconciliation for Xenon, Inc.

Make the required journal entries associated with the bank reconciliation.

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