Question 1. 1. (TCO 7) Franko Company. was incorporated on 2/01/14. Their corporate charter authorized the following capital stock:  Preferred Stock:…

4.3-44    Prepare a bank reconciliation using Bobby Barnacles’ Restaurant Supply Inc’s information for August 31.

·       A NSF check from Johnny Jones for $3,164.

·       Two deposits made on August 31 were not on the bank statement, totaling $2,897.

·       The bank collected an EFT payment for Rent for $2,600.

·       August 31 balance in Cash was $1,905.

·       The owner had written check # 1598 for $500 and recorded this check as $5,000.

·       The balance on the bank statement as of August 31 was $5,216.

·       Bank service charge of $28 was shown on the bank statement.

·       Checks #1572, 1606, 1116, and 1242 for $419, $126, $650, and $1,105, respectively, were not shown on the bank statement, even though the company had sent the checks.