8. A company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $13,162. The companys December bank statement shows $14,237 on deposit in the bank. Deposit in transit $ 4,500 Outstanding checks $ 3,900 Bank service fees, not yet recorded by company $ 50 The bank collected on a note receivable, not yet recorded by the company $ 1,725 Using the above data prepare a bank reconciliation: