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Bedlam Company provided the following data for the of December Problem 9-7 (IAA) November 30 Decen 2,032,000 3,160,000 1890,000 2,900,000 1,080,000 Cash in bank account

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Bedlam Company provided the following data for the of December Problem 9-7 (IAA) November 30 Decen 2,032,000 3,160,000 1890,000 2,900,000 1,080,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits Outstanding checks Deposit in transit Check erroneously charged by 1,440,000 0,000 592000 80,000 498,000 bank against entity's account and corrected in eubeequent month40,000 50,000 4,000 Bank service charge Note recorded as cash receipt by 2,000 entity when placed with bank for collection and note is actually collected by bank in subsequent month and credited by bank to entity's account in same month 300,000 Required: a. Prepare a four-column reconciliation showing adjusted b. Prepare one adjusting entry only on December 31. balances 290

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