At the end of the month of July you close the books of your company and received the bank statement. You are ready to start with the Adjusting journal entries and realized that a bank reconciliation must be performed. First you collect the data from June 30th reconciliation as follows: Balance per Bank $10,000 add: Deposits in Transit $1,800 deduct: Outstanding Cheques $12,200) Balance per Books $9,600 Second you close your update your Cash and bank account with all transactions recorded before AJE and you have: Balance July 31 $12,000 Deposits $7,300 Cheques |$4,800 Third you look at the bank statement provided by your bank and you see the following: Balance July 31 $12,430 Deposits $6,000 Cheques $4,000 INote collected $1.000 Bank service charge $20 INSF cheque |$150 Interest received |$200 Autowithdrawals |$500 Which of the following adjusting journal entries is required after the bank reconciliation has been prepared? None of the others alternatives are correct O Dr. Cash $20 Cr. bank fees $20 (to reflect bank fees for the month) Dr. Cash $500 Cr. Phone Expenses $500 (to reflect the automatic payment of the phone - autowithdraw). Dr. Cash $200 Cr. Interest revenue $200 (to reflect interest earned on bank balance) Dr Cash $150 Cr. Accounts Receivables $150 (to reflect the NSF cheque)