Bank Reconciliation The Chicago Scooter Company's bank statement for the month of June indicated a balance of $56,000. The company's cash account in the general ledger showed a balance of $46,240 on June 30. Other relevant information includes the following: 1. Deposits in transit on June 30 total $41,600. 2. The bank statement shows a debit memorandum for a check printing charge of $320. 3. Check number 160 payable to Simon Company was recorded in the accounting records for $1984 and cleared the bank for this same amount. A review of the records indicated that the Simon account now has a $288 credit balance and the check to them should have been $2,272. 4. Outstanding checks as of June 30 totaled $46,400. 5. Check No. 176 was correctly written and paid by the bank for $3,248. The check was recorded in the accounting records as a debit to accounts payable and a credit to cash for $3,920. 6. The bank returned a NSF check in the amount of $5,472. 7. The bank included a credit memorandum for $10,080 representing a collection of a customer's note. The principle portion was $9,600 and the interest portion was $480. The interest had not been accrued. Required a. Prepare the June bank reconciliation for Chicago Scooter Company. b. Prepare any necessary adjusting entries. Bank reconciliation Journal entries