Calculation and entries:
Asia Company’s bank transaction information for December 2020 is as follows:
1) The bank deposit balance on December 31, 2019 was $786,162.
2) Bank statement The deposit balance of Dahua Company on December 31, 2019 was $1,777,908.
3) Deposits in transit as of December 31, 2019 amounted to $232,200.
4) The company borrowed $178,200 from the bank and the bank has credited it to the company's deposit account, but the company has not yet recorded it.
5) The outstanding checks on December 31, 2019 amounted to $1,120,938.
6) The bank received the principal and interest of the bill collected by the company. After verification, the principal amount of the bill was $48,000, plus a collection fee of $180.
7) The bank paid interest charges of $732 on behalf of the company.
8) If the ticket deposit is insufficient at the end of December, $75,630 will be refunded.
9) The bank mistakenly recorded the check amount of $46,650 from Asia Company as a check from Asia Company.
Trial:
(1) Prepare Asia Company’s bank deposit reconciliation statement with the correct balance in December 2009.
(2) List the accounting records that Asian companies should have.