Chapter 7-Bank Reconciliation The cash account for Axel Co. on January 31 indicated a bainn the bamho statement indicated an ending balance of $34,245. Comvealed the checks, and the accompanying memos with mparing the bank statement, the cancel the records re a. Checks outstanding totaled $9,775 records revealed the following reconciling t of S6,970 had been made too late to apewhch $150 was e bank collected $6,150 on a note receivable, d. e. on a note receivable, of which $150 was interest service charges for January amounted to 7fcient funds. eck for $880 was returned by the bank due to ins charged by the bank as $710 drawn for $170 had been erroncously chad been incorrectly recorded by the 00. The check was originally issued to pay on account. reconciliation as of January 31. Use the spreadsheet on th & A check for $2,000 re with the ent stat RI: Prepare a bank reconciliation as of J R2: Journalize the necessary entries Journal entries: Debit Credit Account cord the additions to the book section Cash Record the deductions to the book section Asink Cash Page 6 of 10