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 $6,300 deduct: Outstanding Cheques $(5,000) 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 $11,000 Deposits $8,500 Cheques $6,500 Third you look at the bank statement provided by your bank and you see the following: Balance July 31 $10,280 Deposits |$13,000 Cheques $10.000 Note collected $700 Bank service charge $ 50 INSF cheque $1,000 Interest received $180 Autowithdrawals $250 Which of the following adjusting journal entries is required after the bank reconciliation has been prepared? Dr. Cash $50 Cr. bank fees $50 (to reflect bank fees for the month) Dr. Interest revenue $180 Cr. Cash $180 (to reflect interest earned on bank balance). Dr Cash $1,000 Cr. Accounts Receivables $1,000 (to reflect the NSF cheque) None of the others alternatives are correct Dr. Phone Expenses $250 Cr. Cash $250 (to reflect the automatic payment of the phone - autowithdraw)