EXERCISES Exercise 7-1 Using the following information to prepare a bank reconciliation in good form. April 30, balance per books - $1,755.01 April 30, balance per bank - $1,570.01 Outstanding checks - $200 Deposits in transit - $350 Bank service charge - $35 Bank Reconciliation Bank Balance Add: Deposits in Transit 1.670.0 Book Balance Add: Interest Income Any Bank Increase to Balance Subtract: Bank's Service Charge NSF Checks Subtract: Outstanding Checks Adjusted Book Balance Adjusted Bank Balance