El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2018, reconciliation of the bank balance is as follows: Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding $3,241 1,210 $ 124 # 363 #365 202 #380 57 # 381 87 # 382 35e (820) Adjusted balance per bank, November 3e $3,631 The company's general ledger checking account showed the following for December Balance, December 1 Receipts Disbursements $ 3,631 42,750 (41,953) Balance, December 31 $ 4,428 The December bank statement contained the following information: Balance, December 1 Deposits Checks processed Service charges NSF checks $ 3,241 43,100 (42,018) (23) (450) $ 3,241 Balance, December 1 Deposits Checks processed Service charges NSF checks 43,100 (42,018) (23) (450) Balance, December 31 $ 3,850 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 $640 was correctly recorded by the bank but was incorrectly recorded on the books as a $460 disbursement for advertising expense. Included in the bank's depos its is a $1,400 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 regeposited 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, 2018. 2. Prepare any necessary adjusting journal entries indicated. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any necessary adjusting journal entries indicated. (If no entry is required for a trar required" in the first account field.) View transaction list Journal entry worksheet