Bank Reconciliation On juy 31, Sullivtrr Company/s Ca th in Bank account had a balance of $9.381.58. On that date, the bank statement indicated a balance of 511,828.12. A comparison of returned checks and bank advices tevealed the following: 1. Deposits in transit july 31 amounted to $4,690.07. 2 Outatanding checks july 31 totaled 51,908.27 3. The bank erroneously charged $422.50 check of Solomon Company against the Sullivan bank account. 4. A bonk service charge has not yet been recorded by Sullivan Company of $32,50. 3. Sullivan neglected to record 55,200,00 borrowed from the bank on a ten percent sox.month note. The bank statement shows the 55,200 o0 as a deposit. 6. included wth the returned checks is a memo indicating that j Martin's check for $832.00 had been feturned NSF. Martin, a customer, had sent the check to pay an account of $858. 00 \$26.docount. 7. Sullivan Compary recorded a 5141,70 payment for repairs as 51,417.00 Repuned Bank reconciliation Journal entries