Jonas Company's July 31, 2020, bank statement balance is $9,000 and shows a service charge of $30, interest earned of $10, and an NSF cheque for $600. Deposits in transit total $2,400, and outstanding cheques are $1,150. The bookkeeper incorrectly recorded as $152 a cheque of $125 in payment of an account payable. The company's book balance at July 31, 2020, was $10,843. a. Prepare the bank reconciliation for Jonas Company at July 31, 2020. Calculate the adjusted bank balance first, anc then calculate the adjusted book balance below it. Show that both adjusted balances agree. b. Prepare the joumal entries needed to update the company's books. a. Prepare the bank reconciliation for Jonas Company at July 31, 2020. Calculate the adjusted bank balance first, and then calculate the adjusted book balance below it. Show that both adjusted balances agree. Let's begin with the bank reconciliation. Start with the bank side of the reconciliation, and then complete the books side. Jonas Company Bank Reconciliation July 31, 2020 Bank Balance, July 31, 2020 Add:1 Deposits in transit $ 9,000 2,400 11,400