Bank Reconciliation On July 31. Arthur Company's Cash in Bank account had a balance of 58.11262 On that date, the bank statement indicated a balance of $10,170,62 A comparison of returned checks and bank advices revealed the following 1. Deposits in transit July 31 amounted to $3,31612 2 Outstanding chedis July 31 totaled 51.251.12 3. The bank erroneously charged a $215.00 check of Solomon Company against the Arthur bank account 4. AS15 bank service charge has not yet been recorded by Arthur Company 5 Arthur neglected to record 54,000.00 borrowed from the bank on a ten percent month note. The bank statement shows the $4,000.00 as a deposit 6. Included with the returned checks is a memo indicating that). Martins check for $610.00 had been returned NSE Martin, a customer, had sent the check to pay an account of 5660.00 less 550 discount 7. Arthur Company recorded a $107.00 payment for repairs as 51.070 00, Required Prepare a bank reconciliation for Arthur Company at July 31 b. Prepare the journal entry for entries necessary to bring the Carth in tank account ito apreement with the reconciled cash balance on the bank reconciliation Note: Do not round answers erster using two decimal places, when needed Bank reconciliation Journalentes ARTHUR COMPANY Bank Reconciliation Add Add Baker Solomon Company deck gainst the Comandom July 21 Banco hromader Ado Check TE dity MacBook Air d. Prepared Udhi TECNo Por Arthur Company at July 31. b. Prepare the journal entry for entries) necessary to bring the Cash in Bank account into agreement with the reconciled cash bala Note: Do not round answers - enter using two decimal places, when needed. Bank reconciliation Journal entries ARTHUR COMPANY Bank Reconciliation $ July 31 Balance from general ledger Add $ Add: Check Add: Bankerror- Solomon Company check charged against Arthur Company's account record Less: Less Less: NSF Check . $ $ Check Previous Save Answers CE tv UUR disveis ener uns W piaces, wiele Bank reconciliation Journal entis GENERAL JOURNAL Date Description Debit Credit July 31 $ 2 To record proceeds of note. 31 + To correct recording of check. 31 . To record service charge. + 31 Cash in Bank To reclassify NSF check as an account receivable. Check LC