Lumen OHM Assessment

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Carlos Tohn Company operates four bowling alleys. The business just received the August 31, 2020, bank statement from City National Bank which is as follows:

Statement shows an ending balance of $802.
Listed on the statement are an EFT rent collection of $356, a service charge of $12, and a NSF check totaling $70, and $34 charge for printed checks.
In reviewing the cash records, the business identified outstanding checks totaling $482, and a deposit in transit of $1,731.
During October, the business recorded a debit to Salaries Expense for $266, and while crediting Cash in the amount of $22.
The business’s Cash account shows an August 31 balance of $2,055.

Prepare the bank reconciliation at August 31.

**Bank**
Description	Amount


Subcategory,ADD:
	Single line
	Single line

Subcategory,LESS:
	Single line

Adjusted Balance	Single lineDouble line

**CHECKBOOK (COMPANY)**
Description	Amount


Subcategory,ADD:
	Single line
	Single line

Subcategory,Less:



	Single line

Adjusted Balance	Single lineDouble line

Journalize any transactions required from the bank reconciliation.

Journal
Date	Description	Debit	Credit
August 31
August 31

August 31
August 31
August 31
August 31

**Bank**
Description	Amount
Balance (ending)	802

Subcategory,ADD:
Deposits in transit	1,731Single line
	Single line2,533

Subcategory,LESS:
Outstanding checks	482Single line

Adjusted Balance	Single line2,051Double line

**CHECKBOOK (COMPANY)**
Description	Amount
Balance (ending)	2,055

Subcategory,ADD:
ETF Collection	356Single line
	Single line2,411

Subcategory,Less:
Service Charge	12
NSF Check	70
Printed Checks	34
Check Error	244Single line

Adjusted Balance	Single line2,051Double line

Journal
Date	Description	Debit	Credit
August 31	Cash	356
August 31	Rent Revenue		356

August 31	Bank Fees Expense	46
August 31	Accounts Receivable	70
August 31	Salaries Expense	244
August 31	Cash		360