BUSI 1043: INTRODUCTION TO FINANCIAL ACCOUNTING Case 1 - Marks 100 (5%) Student Name and ID Section: Prepare the bank reconciliation for Large Company and complete the adjusting journal entries after the reconciliation is done for August 31, 2019 using the following information: 70 marks + 30 marks The balance on August 31, 2019 bank statement is $42,204. The balance per books on August 31, 2019 is $ 41,699. Deposits in transit as of August 31, 2019 are of $1,460. Outstanding cheques as of August 31, 2019 are of $1,845. The accountant mistakenly recorded a $150 cash payment as $420. The bank mistakenly deposited $495 into Large Company account. The bank statement indicated bank service charges of $35 for August. Large Company pays its insurance of $460 by EFT each month. Bank charged $150 for an NSF cheque