E Menu ACC211-Financial Accounting My Subscriptions/Courses ACC211-Financial Accounting Chapter 7/ Chapter 7 homework QUESTION 4 Not complete Ports ou of 1.00 ?Rg0eston Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of $9.381.58 On that date, the bank statement indicated a balance of $11,828.12 A comparison of returned checks and bank advices revealed the following 1. Deposits in transit July 31 amounted to $4,650.03. 2. Outstanding checks July 31 totaled $1,908.27 3. The bank erroneously charged a s422.50 check of Solomon Company against the Sullivan bank account 4. A bank service charge has not yet been recorded by Sulivan Company of $32.50 5. Sullivan neglected to record $5,200.00 borrowed from the bank on a ten percent sx-month note. The bank statement shows the $5.200.00 as a deposit 6. Included with the returned checks is a memo indicating that J. Martin's check for $832 00 had been returned NSF. Martin, customer, had sent the check to pay an account of $858.00 less a s26 discount 7. Sullivan Company recorded a $141.70 payment for repairs as $1,417.00 Required a. Prepare a bank reconciliation for Sullivan Company at july 31. b. Prepare the journal entry for entries) necessary to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation SULLIVAN COMPANY prt sc break