1, RAM Company maintains its checking accoum with the Commerce Bank. The company is ready to prepare its December 31 bank reconciliation. The following data are available; a, The November 30 bank reconciliation showed the following:
1, Cash on hand (held by RAM company for day to day minor expenses), By 400 (included in RAM's cash account)
2 Deposit in transit. Bc. 2,000, and
3, Checks outstanding: No, 121 Br, 1,000

No, 130 Br, 2,000

No, 142 Br, 3,000

b, Book Siatement, December 31 ;

. Balance; December 31 Br. 67,600

• Deposits: 188,500

. Checks ; No, 130, Br, 2,000: No. 142 , Br, 3,000;
No, 143-76, Br,191,000 (196,000)

¤ Note collected for RAM company (including Br, 720 interest ) 16,720
¤ NSF check, customer Binda (250)
¤ Bank service charges (20)
¯¯¯¯¯¯¯
¤ Balance,December 31 Br, 76,550

Required:

a, Determine deposit in transit and checks outsanding
b, prepare the December 31 Bank reconciliation
c, Based on your bank reconciliation, give all journal entries that should be made at December 31