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El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each mon The November 30,2024 ,

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El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each mon The November 30,2024 , reconcillation of the bank balance is as follows: The company's general ledger checking occount showed the following for December: The December bank statement contained the following information: The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for check $365, in addition, there ore some December checks that had not been processed by the bank by the end of the month. Also, you discover that check $411 for $540 was correctly recorded by the bank but was incorrectly recorded on the books as a $450 disbursement for advertising expense. Included in the bonk's deposits is a $2,900 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of the Los Gatos Compony. The NSF checks have not been redeposited and the company will seek payment from the customers involved. Required: 1. Prepare a bank reconcillation for the El Gato checking account at December 31, 2024. 2. Prepare any necessary adjusting joumal entries indicated

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