In preparing its bank reconciliation for the month of April 2022, Gregg, Inc. has available the following information. Balance per bank statement, 4/30/22 $39,140 NSF check returned with 4/30/22 bank statement 450 Deposits in transit, 4/30/22 5,000

Outstanding checks, 4/30/22 5,200 Bank service charges for April 20 Note collected by bank 1,000 Balance per book, 4/30/22 38,410 Show all computations. a. Prepare the bank reconciliation. b. Prepare the adjusting journal entry or entries.

PROBLEM 1 In preparing its bank reconciliation for the month of April 2022, Gregg, Inc. has available the following information. Balance per bank statement, 4/30/22 $39,140 NSF check returned with 4/30/22 bank statement 450 Deposits in transit, 4/30/22 5,000 Outstanding checks, 4/30/22 5,200 Bank service charges for April 20 Note collected by bank 1,000 Balance per book, 4/30/22 38,410 Show all computations. a. Prepare the bank reconciliation. b. Prepare the adjusting journal entry or entries