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El Gato Painting Company maintains a checking account at American Bank Bank statements are prepared at the end of each month. The November 30, 2021,

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El Gato Painting Company maintains a checking account at American Bank Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,231 1,200 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding 363 #365 +380 +381 #382 Adjusted balance per bank, November 30 $ 123 201 56 86 340 1 (806) $3,625 The company's general ledger checking account showed the following for December Balance, December 1 Receipts Disbursements Balance, December 31 $ 3,625 42,650 (41.853) $ 4,422 The December bank statement contained the following information: Balance, December 1 Deposits Checks processed Service charges NSP checks Balance, December 31 $ 3,231 43,000 (41,918) (22) (440) $ 3,851 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 are some December checks that had not been processed by the bank by the end of the month. Also, you discover that check #411 for $320 was correctly recorded by the bank but was incorrectly recorded on the books as a $230 disbursement for advertising expense. Included in the bank's deposits is a $1,300 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of the Los Gatos Company. The NSF checks have not been redeposited and the company will seek payment from the customers involved. Required: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. 2. Prepare any necessary adjusting journal entries indicated. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. Bank Reconciliation Balance per bank statement Add: Deduct Corrected cash balance Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. Bank Reconciliation Balance per bank statement Add: Deduct: Corrected cash balance Balance per books Deduct: Corrected book balance View transaction list Journal entry worksheet Record adjustments to cash revealed by the bank reconciliation. Use the miscellaneous expense account to record the bank service charges. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal Doud

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