Fred Fox Company received its bank statement for May 31, 2022. It showed an ending balance of $8,850. The balance in the company's Cash account on the same date was $6,972. The following information was gathered:

1. The bank collected a note receivable for the company for $1,375 which included interest of $125 which had not been previously accrued. 2.A service charge of $21 and credit card processing fees of $70 appeared on the bank statement. 3.The bank statement shows a check for $360 from a customer for payment on their account was returned as NSF. 4.The firms records indicate that check 1137 for payment to a vendor was recorded at $160. However, the canceled check and the listing on the bank statement show that the correct amount of the check was $106. 5.A $1,900 deposit made on May 30 does not appear on the bank statement. 6.Two outstanding checks had not been paid by the bank: check 4130 for $400 and check 4135 for $2,400.

Required:

1. Prepare a bank reconciliation statement for the firm as of May 31, 2022.
2. Record entries for any items on the bank reconciliation statement that must be journalized, in good form.

Fred Fox Company received its bank statement for May 31, 2022. It showed an ending balance of $8,850. The balance in the company's Cash account on the same date was $6,972. The following information was gathered: 1. The bank collected a note receivable for the company for $1,375 which included interest of $125 which had not been previously accrued. 2.A service charge of $21 and credit card processing fees of $70 appeared on the bank statement. 3. The bank statement shows a check for $360 from a customer for payment on their account was returned as NSF. The firm's records indicate that check 1137 for payment to a vendor was recorded at $160. However, the canceled check and the listing on the bank statement show that the correct amount of the check was \$106. 5.A $1,900 deposit made on May 30 does not appear on the bank statement. 6. Two outstanding checks had not been paid by the bank: check 4130 for $400 and check 4135 for $2,400. Required: 1. Prepare a bank reconciliation statement for the firm as of May 31, 2022. 2. Record entries for any items on the bank reconciliation statement that must be journalized, in good form. NOTE: The templates will not auto-format amounts. Enter dollar signs or commas in dollar amounts manually. To indent accounts in the general journal template, you must put 3 periods before the account title. For example, to in Buildings, type ...Buildings Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation statement for Fred Fox Company. Fred Fox Company received its bank statement for May 31, 2022. It showed an ending balance of $8,850. The balance in the company's Cash account on the same date was $6,972. The following information was gathered: 1. The bank collected a note receivable for the company for $1,375 which included interest of $125 which had not been previously accrued. 2.A service charge of $21 and credit card processing fees of $70 appeared on the bank statement. 3. The bank statement shows a check for $360 from a customer for payment on their account was returned as 3. NSF. 4. The firm's records indicate that check 1137 for payment to a vendor was recorded at $160. However, the canceled check and the listing on the bank statement show that the correct amount of the check was \$106. 5.A \$1,900 deposit made on May 30 does not appear on the bank statement. 6. Two outstanding checks had not been paid by the bank: check 4130 for $400 and check 4135 for $2,400. Required: 1. Prepare a bank reconciliation statement for the firm as of May 31, 2022. 2. Record entries for any items on the bank reconciliation statement that must be journalized, in good form. NOTE: The templates will not auto-format amounts. Enter dollar signs or commas in dollar amounts manually. To indent accounts in the general journal template, you must put 3 periods before the account title. For example, to in Buildings, type ...Buildings Complete this question by entering your answers in the tabs below. Record entries for any items on the bank reconciliation statement that must be journalized in good form. NOTE: The template will not format amounts. Enter dollar signs or commas in dollar amounts manually. To indent accounts in the template, you must put 3 periods before the account title. For example, to indent Buildings, type ...Buildings