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7. Prepare the journal entry to reconcile the bank statement below: Bank Statement Balance at (date) Add: Deposits in transit Bank error Less: $6,988

7. Prepare the journal entry to reconcile the bank statement below: Bank Statement Balance at (date) Add: Deposits in transit Bank error Less: $6,988 Book Balance at (date) Check # 2456 posting error Add: 1,600 75 Less: 2,022 Bank service charge Outstanding checks Adjusted bank balance $6,641 Adjusted book balance $6,626 90 90 75 $6,641

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