7. The following data were gathered to use in reconciling the August bank statement for a company. Balance per bank $ 87,450 Balance per company records $ 89,130 Bank Service Charges $ 25 Deposit in transit $ 3,215 Note collected by bank with $15 interest $ 515 NSF Check (from customer payment on account) $ 125 NSF fee (associated with above check) 20 Outstanding Checks $ 1,460 $630 check issued by company to pay an invoice on account recorded by company as $360 Prepare a bank reconciliation: (12 points) Cash balance according to the bank statement Add: Deduct: Adjusted balance Cash balance according to company Add: Deduct: Adjusted balance b. Journalize any necessary entries for the company based on the bank reconciliation: (7.5 points) Date Description/Account Debit Credit