eBook Calculator Print Item 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 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 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 $53,453 Outstanding checks as of August 31 3,700 Deposit in transit at August 31 3,940 Error in recording check 9288 issued by Hula 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 Error in recording check 9288 issued by Hula 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 s Add: Less: Adjusted cash balance Cash balance from company records Add