Use the following information for Woods Paper Products to answer the questions below . A deposit of $5,794,62 is in transit . Outstanding checks total $1,533.25 . The book balance is $5.695.62 • The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent . The bank balance at February 28, 2008 was $16,500.25 . A deposit of $300 was credited by the bank for $3,000 A customer's check for $1,200 was returned for nonsufficient funds • The bank service charge is $70 Refer to the above information for Woods Paper Products Complete a bank reconciliation for Woods Paper Products as of February 28, 2008 4Use the following information from Jim's T-Shirt Shop to answer the following questions. Checkbook balance: $6,105.42 on July 31 Bank statement $4,146.46 on July 31 a NSF check from a customer for $21.25 (debit memo from bank b deposit made on July 31 not yet recorded by bank $1.948.25 bank services charges of $18.50 (debit memo from bank) d. checks not cleared during July of $152.38 e check written for $18.90 was deducted as $19.80 by the bank f check written for $145.60 was recorded in checkbook as $14.56 What is the adjusted bank balance? 5 Use the following information from Jim's T-Shirt Shop to answer the following questions Checkbook balance: $6,105.42 on July 31 Bank statement $4,146.46 on July 31 9. NSF check from a customer for $21.25 (debit memo from bank) h interest added to checking account $8.50 (credit memo from bank) deposit made on July 31 not yet recorded by bank $1948.25 bank services charges of $18.50 (debit memo from bank) checks not cleared during July of $152.38 1. check written for $18.90 was deducted as $19.00 by the bank check written for $145.60 was recorded in checkbook as $14.56 What is the net deduction from the checkbook balance? What is the adjusted cash per book balance? BANK RECONCILIATION 1. Using the following items from a bank reconciliation, classify each of thesereconciling items an addition to the bank balance b. a deduction from the bank balance C an addition to the book balance d. a deduction from the book balance e not a reconciling item Collection of note receivable plus interest revenue by bank Bookkeeper recorded check written for $755 as $557 in the cash payments journal Bank service charges 4. Bank charge for printing checks Bank added deposit to company's account in error Deposits in transit Bank withdrew $1.270 from company's account for a check written for $12,700 Check returned by the bank marked NSF Outstanding checks 9 10. Bank returned all cancelled checks 2 The following information is available for Andersen Company for the month ending June 30, 2008. Prepare a bank reconciliation for Andersen Company for June 30, 2008 Balance per the bank statement is $10,241.43 Balance per books is $9.745.00 Check #506 for $1,948 52 and check #510 for $1,800.25 were not returned with the June 30 bank statement A deposit in transit of $5,113.40 had not been received by the bank when the bank statement was generated A bank debit memo indicated an NSF check in the amount of $79 written by Bruce Garrett to Andersen Company on June 13. A bank credit memo indicated a note collected by the bank of $1,900 and interest revenue of $75 on June 20 . The bank statement indicated service charges of $35