Bank reconciliation information for Kaden Co. for May 31 is as follows:

(a)	The bank statement balance is $2,936.
(b)	The cash account balance is $3,194.
(c)	Outstanding checks amounted to $465.
(d)	Deposits in transit are $655.
(e)	The bank service charge is $50.
(f)	A check for $97 for supplies was recorded as $79 in the ledger.

Required:

Record the appropriate journal entry for Kaden Co. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

Kaden Co.

General Ledger

ASSETS

110 Cash

111 Petty Cash

120 Accounts Receivable

131 Notes Receivable

132 Interest Receivable

141 Merchandise Inventory

145 Supplies

151 Prepaid Insurance

181 Land

191 Equipment

192 Accumulated Depreciation

LIABILITIES

210 Accounts Payable

221 Notes Payable

222 Interest Payable

231 Salaries Payable

241 Sales Tax Payable

EQUITY

310 Common Stock

311 Retained Earnings

312 Dividends

313 Income Summary

REVENUE

410 Sales

610 Interest Revenue

EXPENSES

510 Cost of Merchandise Sold

515 Credit Card Expense

516 Cash Short and Over

520 Salaries Expense

531 Advertising Expense

532 Delivery Expense

533 Insurance Expense

534 Supplies Expense

535 Rent Expense

536 Repairs Expense

561 Depreciation Expense

591 Miscellaneous Expense

592 Miscellaneous Selling Expense

710 Interest Expense

Record the appropriate journal entry for Kaden Co. on May 31. Refer to the Chart of Accounts for exact wording of account titles.

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