bank Reconciliation

Bank Reconclliation On fuly 31, Sullivan Company's Cash in Bank account had a balance of $7.216.60. On that date, the bank statement indicated a balance of $9,098.55. A comparison of retumed checks and bank advices revealed the following. 1. Deposits in transit july 31 amounsed to $3.576.95. 2. Oulstanding checks july 31 totaled 51,467,90. 3. The bank ecroneously charged a 5325.00 check of Solomon compary against the Sulitian bank account. 4. A bank service charge has not yet been tecorded by sullivan Company of 525.00 5. Sullivan negected to record $4,000.00 borrowed from the bank on a ten percent six-month note. The bank statement thown the s4,00000 as a deposit 6. Included with the returned checks is a memo indiating that j. Martins check for 3640.00 had been returned N5F Martin, a customer, had sent the check to pay an accourt od seko co less a $70 discount. 7. Sullivan Company recorded a 5107.00 payment for repairs as 51,090.00 Required a. Prepare a bank reconchliation for Sulivan Compawy at juty 31. th. Piepare the pournal entry (or enties) necestary to brive the Cosh in Barik account into agreement with the teconcled cash balance on the bark reconcilasion. Note: Do not round answers i enter using two decimal places, when needed. Required a. Prepare a bank reconciliation for Sullivan Company at july 31 . b. Prepare the joumat entry (or entries) necessary to bring th Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation. Note: Do not round answers - enter using two decimal places, when needed