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Exercise 7-9 (Part Level Submission) Monty is unable to reconcile the bank balance at January 31. Monty's reconciliation is as follows. Cash balance per bank

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Exercise 7-9 (Part Level Submission) Monty is unable to reconcile the bank balance at January 31. Monty's reconciliation is as follows. Cash balance per bank S4,340.20 Add: NSF check Less: Bank service charge Adjusted balance per bank 300.00 31.00 $4,609.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks $4,655.20 920.00 936.00 Adusted baiance per books $4,671,20 Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g.52.75.) Monty Bank Reconciliation Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when amount is entered. Do not indent manually, Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation 1. Debit Credit (To record NSF check.) To record bank service charge.)

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