Baltise Company's bank statement for June 30 showed a cash balance of $15,840. The company's general ledger Cash account showed a $16,540 debit balance. The following information was also available as of June 30 1. Included with the bank statement was a debit memorandum in the amount of $40 for bank service charges. These charges had not been recorded on the company's books. 2. A customer's note for $650 was collected by the bank. 3. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #324 for the payment of an account payable was correctly written for $890, but was recorded in the accounting records as $980. 4. A deposit placed in the bank's night depository on June 30 totaled $2,200. This deposit did not appear on the bank statement. 5. A debit memo included with the bank statement shows a $500 NSF check from a customer, K. Johnson 6. Outstanding checks as of June 30 totaled $1,300. Based on the above information, prepare the June bank reconcilation and necessary adjusting journal entries for Cowboy Company. 7 ABIU - I Bank Statement Balance Add: Deduct: Bank Reconciliation Book Balance Add: Deduct Date Account & Explanation Debit Credit At December 31 of the current year, a company reported the following: Total credit sales for the current year: $3,400,000 Accounts receivable balance at December 31 of the current year: $960,000. Balance of Allowance for Doubtful Accounts credit balance at December 31: $15,000. Prepare the necessary adjusting entry to record bad debt expense assuming this company's bad debts are estimated to equal 2.5% of credit sales. A BIU. - I Date Account & Explanation Debit Credit At December 31 of the current year, a company reported the following: Total credit sales for the current year: $350,000 Accounts receivable balance at December 31 of the current year: $90,000 Balance of Allowance for Doubtful Accounts credit balance at December 31: $2,000 Prepare the necessary adjusting entry to record bad debt expense assuming this company's bad debts are estimated to equal 5% of accounts receivable. ABIU - Date Account & Explanation Debit Credit