BANK RECONCEIATION COMPUTATION AND JOURNAL ENTRY: The cash account in the ledger of Raintree Ranch shows a balance of $16,200 at December 31, 2001. The December 31 bank statement shows a balance of $19,025. The only reconciling items consist of: Bank Service charges of $12 Deposit in Transit of $1,225 NSF check from customer PJ Floyd in the amount of $228. Error in recording check no. BTU for utilities: check was written in the amount of $458 but was recorded in Raintree Ranch's accounting records as $548. Outstanding checks. (a) What is the amount of the adjusted cash balance at December 31, 2001? $ (b) What is the total amount of outstanding checks at December 31, 2001? 33 Give the journal entry necessary, if any, to adjust Raintree Ranch's accounting records at December 31, 2001. {An explanation is not required.)