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 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding 0363 1,310 $ 134 200 8382 Adjusted balance per bank, November 30 (710) The company's general ledger checking account showed the following for December $3941 3750 Balance, December 1 Receipts Disbursements Balance, December 31 (42.953) $ 4738 The December bank statement contained the following information $ 3.341 44.100 (410183 Balance, December 1 Deposits Checks processed Service charges NSF checks Balance December 31 The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for check w ind , 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 $420 was correctly recorded by the bank but was incorrectly recorded on the books as a $240 disbursement for advertising expense Inchided in the bank's deposits is a $2.400 depost 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 Required 1 Required 2 Prepare a bank reconciliation for the El Gato checking account at December 31, 2021. 840 Bank Reconciliation Balance per bank statement Add: Deposits outstanding Deduct: Corrected cash balance Balance per books Deduct: Corrected book balance Required 2 > 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. Event General Journal Debit Credit Record entry Clear entry View general journal