3. Use the following information for Woods Paper Products to answer the question(s) below. A deposit of $5,794.62 is in transit Outstanding checks total $1,533.25 The book balance is $5,695.62 The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent The bank balance at February 28, 2008 was $16,500.25 A deposit of $300 was credited by the bank for $3,000 A customer's check for $1,280 was returned for nonsufficient funds The bank service charge is $70 Refer to the above information for Woods Paper Products. Complete a bank reconciliation for Woods Paper Products as of February 28, 2008. 4. Use the following information from Jim's T-Shirt Shop to answer the following questions. Checkbook balance: $6,105.42 on July 31 Bank statement: $4,146.46 on July 31 a. NSF check from a customer for $21.25 (debit memo from bank) b. deposit made on July 31 not yet recorded by bank $1,948.25 c. bank services charges of $18.50 (debit memo from bank) d. checks not cleared during July of $152.38 e. check written for $18.90 was deducted as $19.80 by the bank f. check written for $145.60 was recorded in checkbook as $14.56 What is the adjusted bank balance?