Franklin Company's bank reconciliation as of August 31 is shown below. Bank balance + Deposit in transit Outstanding checks Adjusted bank balance - Multiple Choice A journal entry that Clayborn must record as a result of the bank reconciliation includes: O O O $ 14,237 +4,500 -3,900 $ 14,837 O Book balance Bank service fees Note collected Adjusted book balance Debit Cash $4,500; credit Sales $4,500. Debit Cash $1,725; credit Notes Receivable $1,725. Debit Cash $50; credit Bank Service Fee Expense $50. Debit Miscellaneous Expense $3,900; credit Cash $3,900. $ 13,162 -50 +1,725 $ 14,837