Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $7,055.80 2 Balance per bank statement, June 30. 7,300.25 3 Deposits not reflected on bank statement 725 4 Outstanding checks, June 30. 1.260.45 5 Service charge on bank statement not recorded in books. 11 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 550 7 Check for advertising expense 250 incorrectly recorded in books as 520 Note: Do not round answers.enter using two decimal places, when needed. $ 7.056 x Ending Balance from bank statement $ Add: Deposits not credited by bank Add: Bankerror. Yertal company check charged against Young Company's account Less: Outstanding checks Reconciled cash balance YOUNG COMPANY Bank Reconciliation June 30 7.300 Balance from peneral ledger 725 Add: Check OX recort OX 550 1.200 Less Ending Balance from bank statement 7.315 x Reconciled cash balance OM 7.300