Bank Reconciliation, December 31, 201X Balance per ledger December 31, 201X $27,253.85 Add: Cash receipts received on the last day of December and charged to "cash in bank" on books but not deposited 3,715.27 Debit memo by bank for customers check returned unpaid and dishonored (check is on hand but no entry has been made on the books for check being returned) 450.00 Debit memo by bank for bank service charge for December 35.00 $31,454.12 Deduct: Checks drawn but not paid by bank (see detailed list below) $3,295.15 Credit memo by bank for proceeds of a note receivable that had been left at the bank for collection but which has not been recorded as collected 1,200.00 Checks for an account payable entered on books as $297.50 but drawn and correctly paid by bank as $694.50 397.00 (4,892.15) Computed balance 26,561.97 Unlocated difference 416.44 Balance per bank (checked to confirmation) $26,978.41 Checks Drawn but Not Paid by Bank No. Amount 573 $267.27 724 39.92 903 454.67 907 291.80 911 648.29 913 737.52 914 529.10 916 36.00 917 117.26 $3,295.15 Required: Prepare a corrected reconciliation. Prepare journal entries for items that should be adjusted prior to closing the books