Bank Reconciliation Use the following information to prepare a bank reconciliation for Fast Company at June 30: 1 Balance per Cash account, June 30. $7,015.40 2 Balance per bank statement, June 30. $7,235.85 3 Deposits not reflected on bank statement. $975 4 Outstanding checks, June 30. $1,260.45 5 Service charge on bank statement not recorded in books. $50 6 Error by bankYertel Company check charged on Fast Companys bank statement. $375 7 Check for advertising expense $260 incorrectly recorded in books as $620 Note: Do not round answers - enter using two decimal places, when needed. FAST COMPANY Bank Reconciliation June 30 Answer Ending Balance from bank statement Answer 7,235.85 Balance from general ledger Answer 7,015.4 Add: Answer Deposits not credited by bank Answer 975 Add: Answer 620 Add: Bank error- Yertal Company check Answer 260 Answer 360 charged against Fast Company's account Answer 375 Less: Answer Outstanding checks Answer (1,260.45) Less: Answer Service charge Answer 50 Answer Reconciled cash balance Answer 7,325.4 Answer Reconciled cash balance Answer 7,325.4