Bank Reconciliation Exercise Sousa Reality 7/31/2021 Cash Ledger Balance $17,404 Bank Statement Balance $16,422 $4,500 Deposits in Transit Outstanding Checks #211 $611 #214 $823 #218 $949 Credit Memos Collection of $1500 Note (Note Receivable) plus $50 interest (Interest Revenue) Less $20 collection fee (Bank Fees Expense) S1530 S45 Interest earned on checking account (Interest Revenue) Debit Memos NSF check $410 Safety deposit box rent (Bank Fees Expense) S30 Required: Due 12/2/2021 1. Reconcile the above bank statement 2. Make the appropriate general journal entries