Slacks.com received a bank statement from Cobb Bank indicating a bank balance of $7,700. Based on Slacks.com’s check stubs, the ending checkbook balance was $8,136. Your task is to prepare a bank reconciliation for Slacks.com as of July 31, 201X, from the following information (journalize as needed):

1. Checks outstanding: no. 122, $760; no. 130, $670.

2. Deposits in transit, $1,700.

3. Slacks.com forgot to record a $1,210 equipment purchase made with a debit card.

4. Bank service charges, $40.

5. Cobb Bank collected a note for Slacks.com, $1,090, less a $6 collection fee.