Need answers to 7.5 bank reconciliation

specific changes needed to strengthen internal control vel Casi Shown below is the information needed to prepare a bank reconciliation for Warren Electric December 31: 1. At December 31, cash per the bank statement was $15.200, cash per the co 2. Two debit memoranda accompanied the bank statement: service charges for December of $25 3. Cash recei mpany's records was $17,500. and a $775 check drawn by Jane Jones marked "NSF" pts of $10,000 on December 31 were not deposited until January 4 4. The following checks had been issued in December but were not included among the pid checks returned by the bank: no. 620 for $1,000, no. 630 for $3,000, and no. 641 for $4.500 Prepare a bank reconciliation at December 31. a. re the necessary journal entry or entries to update the accounting records. 321 Assume that the company normally is not required to pay a bank service charge if it maintai a minimum average daily balance of $1,000 throughout the month. If the company's average daily balance for December had been $8,000, why did it have to pay a $25 service charge? ns c