13 Not yet answered XYZ company has made the following bank reconciliation but the adjusted balances do not hold. Cash balance per bank 4550 Marked out of Add: NSF check 700 5.00 Less: Collection of Notes 1250 Flag question Receivable Less: Bank service charge 150 Adjusted balance per bank 3850 Cash balance per books 5570 Less: Deposits in transit 2400 Add: Outstanding checks 980 Adjusted balance per books 6550 The adjusting entries would include a debit to cash notes receivable for 1250 and a credit to debit accounts receivable revenue