A company's bank statement shows a $750 cash balance at December 31. However, its book balance of cash shows a $990 debit balance at December 31. The following dashboard shows data to reconcile the bank balance of cash with its book balance. Bank Adjustments Book Adjustments Deposits in Transit $100 Bank Error: Balance Incorrectly Understated $230 Outstanding Checks $180 Bank Fees $50 Interest Earned $40 NSF Check $80 $0 $50 $100 $150 $200 $0 $10 $20 $30 $40 $50 $60 $70 $80 Enter answers for each of the following tabs. Requirement 1 Requirement 2 Prepare any necessary journal entries resulting from the bank reconciliation. View transaction list Journal entry worksheet 1 2 3 Record the adjustment entry for $40 interest earned. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry