Calculator Print Item Book Brief Exercise 4-27 Bank Reconciliation Hula Corp. utilizes J.P. Morgan Chase in its banking transactions. For the month of August, 2019, J.P. Morgan Chase presented Hula with its bank statement as follows: $64,900 100 Balance, August 31, 2019 Service charge for August Interest earned during August NSF check from Jeffrey Corp. (deposited by Hula) Note ($11,000) and interest ($425) collected for Hula from a customer 875 450 11,425 Upon receiving the bank statement, Hula's accountants analyzed its cash transactions for possible reconciling items between its cash balance per books and J.P. Morgan Chase's cash balance: Checking account balance per Hula's books Outstanding checks as of August 31 Deposit in transit at August 31 Error in recording check 9288 issued by Hula $53,453 3,700 3,940 63 The correct amount of check 9288 is $770. It was recorded as a cash disbursement of $707 by mistake. The check was issued to pay for $53,453 w one per Hula's books Outstanding checks as of August 31 Deposit in transit at August 31 Error in recording check 9288 issued by Hula 3,700 3,940 The correct amount of check 9288 is $770. It was recorded as a cash disbursement of $707 by mistake. The check was issued to pay for merchandise purchases. The check appeared on the bank statement correctly. Required: Prepare a bank reconciliation schedule at August 31, 2019, in proper form. Hula Corp. Bank Reconciliation August 31, 2019 Cash balance from bank statement Add: Less: Adjusted cash balance Check My Work 2 more Check My Work uses remaining, Next > Save and Exit Submit Assignment for Grading