Bank Reconciliation SATLY Company has a cash balance in its books on December 31, in the amount of $4,000. The bank statement for the same date shows a balance of $4,900. It was observed that cheeks in the amount of S900 had not yet cleared the bank. Also a deposit in the amount of $800 was made late on the 31 of December and was not showing up on the bank statement. A check from Mr. Smith in the amount of $400 was returned by the bank due to insufficient funds. A customer's note was collected by the bank on the company's behalf in the amount of S1,300 less a $50 service fee to the bank. The bank had an additional debit memorandum of $50 to the company for other miscellaneous service fees. a. Prepare a bank reconciliation in good form as of December 31. b. Prepare the adjusting general journal entries required to correct SATLY Company's books. Book Balance Bank Balance Add: Add: Deduct: Deduct: Account Debit PR Date Credit