Instructions: Using the information below, complete the bank reconciliation for both the "book" and the "bank" sides, and create all necessary adjusting journal entries.

Details:

- Cash balance per company's records as of July 31st, 2011 was $66,955

- Bank statement balance as of July 31st, 2011 was $15,875

- A deposit in the amount of $52,000 was deposited into the night depository of the bank on July 31st, but did not get recorded in the July 31st bank statement balance.

- Check #354 in the amount of $575 and check # 365 in the amount of $1,500 were outstanding as of this bank statement

- An NSF check in the amount of $500 (written by Jane Doe, a customer) was returned by the 'bank to the company in the July 31st bank statement

- A bank service charge in the amount of $50 was included in the July 31st bank statement

- Interest in the amount of $125 was deposited into our account by the bank.

- The bank collected $1,000 from a customer (H. Doe) on our behalf as part of the lockbox service 'that we established with the bank.

- The bank erroneously posted another company's check (i.e. withdrawal) in the amount of $5,000 to our account.

- The bank erroneously posted another company's deposit into our account in the amount of $3,000

- After reconciling the bank statement, we noticed that a check that was written to pay for the current month's utilities in the amount of $250 was improperly recorded in our own books as $520. (It was properly recorded in the bank statement as $250.)

Bank's Cash Balance Company's Book Balance Before Reconciliation Adjustment Description Adjustment Amount: Adjustment Description Adjustment Amount: After Reconciliation