11. Ms. AP is unable to reconcile the bank balance at January 31. AP's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge $7,120.40 1,380.00 50.00 Adjusted balance per bank Cash balance per books $8,450.40 $7,750.40 Less: Deposits in transit 1,060.00 Add: Outstanding checks 1,860.00 Adjusted balance per books $8,550.40 Instructions (a) Prepare a correct bank reconciliation. (b) Journalize the entries required by the reconciliation.