cheques are $1,650. The bookkeeper incorrectly recorded $196 for a cheque of $169 as an account payable. The company's book balance at May 31,2023 , was $11,000. agree. b. Prepare the journal entries needed to update the company's books. Less: Outstanding cheques Adjusted bank balance Books Balance, May 31, 2023 Add: Less: Adjusted book balance cheques are $1,650. The bookkeeper incorrectly recorded $196 for a cheque of $169 as an account payable. The company's book balance at May 31,2023 , was $11,000. agree. b. Prepare the journal entries needed to update the company's books. agree. Let's begin with the bank reconciliation. Start with the bank side of the reconciliation, and then complete the books side