Bank Reconciliation According to the books of Alexander Company, the cash balance on October 31, 2017 was $50,000, while the bank statement showed $66,185. After inspection, the company found that the following events reconcile the difference: NSF $16,000 b. Outstanding checks $31,000 Deposit in transit $5,600 d. Bank charge $3,300 Interest revenue $85 a. C. e. 1. Prepare a bank reconciliation. 2. Prepare journal entries to adjust to the correct balance.

Bank Reconciliation According to the books of Alexander Company, the cash balance on October 31, 2017 was $50,000, while the bank statement showed $66,185. After inspection, the company found that the following events reconcile the difference: NSF $16,000 b. Outstanding checks $31,000 c. Deposit in transit $5,600 d. Bank charge $3,300 Interest revenue $85 a. e. 1. Prepare a bank reconciliation. Prepare journal entries to adjust to the correct balance. 2. Bank Reconciliation According to the books of Alexander Company, the cash balance on October 31, 2017 was $50,000, while the bank statement showed $66,185. After inspection, the company found that the following events reconcile the difference: NSF $16,000 b. Outstanding checks $31,000 c. Deposit in transit $5,600 d. Bank charge $3,300 Interest revenue $85 a. e. 1. Prepare a bank reconciliation. Prepare journal entries to adjust to the correct balance. 2