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The following data have been gathered for NAHIKU COMPANY to assist you in preparing the August 31, 2020, bank reconciliation: a) The August 31 bank balance was $11,250

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The following data have been gathered for NAHIKU COMPANY to assist you in preparing the August 31, 2020, bank reconciliation: a) The August 31 bank balance was $11,250. b) The bank statement included $84.37 of service charges. c) There was an EFT deposit of $2,531.25 on the bank statement for the monthly rent due from a tenant d) Cheques #619 and #621 for $576.56 and $900, respectively, were not among the cancelled cheques returned with the statement. e) The August 31 deposit of $12,473.44 did not appear on the bank statement f) The bookkeeper had erroneously recorded a $1,406.25 cheque as $14,062.50. The cheque was written to a vendor to pay off an accounts payable. 9) Included with the cancelled cheques was a cheque written by another company for $562.50, which was deducted from NAHIKU COMPANY'S account in error. h) The bank statement included an NSF cheque written by Kuhio Company for a $1,293.75 payment on account D) The cash account showed a balance of $9,000 on August 31. a) Prepare the August 31, 2020, bank reconciliation for NAHIKU COMPANY (20 marks)
QUESTION 1 (continued) (6 marks) Prepare the required adjusting journal entry(s) after preparing the bank reconciliation. (4 marks) Omit Explanations.