15) Identify which of the following reconciling items would require an adjusting entry to be made by Bicycle Corp. then prepare those entries. 1. Deposits in transit totaled $2,000. 2. A check written to the company for $350 by Taxton Company was returned NSF. 3. The bank charged the company $46 for printing checks. 4. Outstanding checks totaled $1,667. 5. A credit memorandum reported a collection of a note receivable for $1500. Interest was $60 and the bank charged a $20 collection fee. Date Account Title Debit Credit 16) On October 1, 2009, Dunder Company establishes a petty cash fund by issuing a check for $200 to Michael Scott, the custodian of the petty cash fund. On October 31, 2008, Michael Scott submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients Postage Expense 20 Instructions: Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. 60 Date Account Title Debit Credit