Bank Reconciliation

Option $1$:

Poplar Inc. has the following information to prepare the bank reconciliation for the month of July $2021$:

The ending cash balance on the company's books as of July $31$ was $$3,300.$

There were $$8,100$ in outstanding cheques.

There is a deposit in transit totaling $$6,300.$

The bank has an ending balance at the end of July of $$8,742.$

The bank had an NSF cheque worth $$900.$

There was a cheque that was correctly written for $$765$ by the company that was accidentally entered as $$567.$ This was used to pay down an accounts payable.

Bank Service Charges for July came to $$60.$

Customers had paid the bank directly $$4,800$ through electronic $($EFT payments$).$

Your tasks:

A$.$ Prepare the Bank reconciliation for Polar Inc.

B$.$ Record the general journal entries that should be made as the result of the reconciliation.Bank Reconciliation

Option $1$:

Poplar Inc. has the following information to prepare the bank reconciliation for the month of July $2021$:

The ending cash balance on the company$$s books as of July $31$ was $$3,300.$

There were $$8,100$ in outstanding cheques.

There is a deposit in transit totaling $$6,300.$

The bank has an ending balance at the end of July of $$8,742.$

The bank had an NSF cheque worth $$900.$

There was a cheque that was correctly written for $$765$ by the company that was accidentally entered as $$567.$ This was used to pay down an accounts payable.

Bank Service Charges for July came to $$60.$

Customers had paid the bank directly $$4,800$ through electronic $($EFT payments$).$

Your tasks:

Prepare the Bank reconciliation for Polar Inc.

Record the general journal entries that should be made as the result of the reconciliation.