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LO 8 . 6 Using the following information, prepare a bank reconciliation. Bank balance: $ 3 , 7 0 0 Book balance: $ 3 .

LO 8.6 Using the following information, prepare a bank reconciliation.
Bank balance: $3,700
Book balance: $3.554
Deposits in transit: $321
Outstanding checks: $108 and $334
Bank charges: $25
Interest earned: $50
\table[[\table[[Bank Statement Balance at month],[end:]],,\table[[Book Balance at],[month end:]],$ type your answer.],[Deposits in Transit,type your answer..,Interest Earned,type your answer],[Outstanding Checks,type your answer-,Bank Charges,type your answer-],[Adjusted Bank Balance,$ type your answer...,\table[[Adjusted Book],[Balance]],$ type your answer]]
After reconciling the bank account, the Accountant would record a journal entry that would choose your answerBank Charges expense for $25 Interest Revenue for $50, and choose your answer.. Cash for $25
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