On August 31, 20xt, the binlance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,300. The balance shown on the bank statement on the same date was $13.207. Notes a. The firm's records inelicate that a 51,470 deposit dated August 30 and a $703 deposit dated August 31 not appear on the bank b. A service charge of $9 and a debit memorandum of $330 covering an NSF check have not yet been entered in the firm's records, (The check was issued by Art Corts, a credit customer) c. The following checks were issued but have not yet been paid by the bank statement Check 712 5112 Check 713, 5127 Check T10, $240 Check 736, 1579 Check 79, 80 Check 741, 1122 a d. A credit memorandum shows that the bank collected a $2.094 note receivable and interest of $65 for the firm. These amounts have not yet been entered in the firm's records Required: 1. Prepare a bank reconciliation statement for the firm as of August 31 2. Record general Journal entries for items on the bank reconciliation statement that must be journalized Analyze: What effect did the journal entries recorded as a result of the bank reconciliation have on the fundamental accounting equation? Bank Rec General Journal Analyze Prepare a bank reconciliation statement for the firm as of August 31. DRY CREEK BED AND BREAKFAST Bank Reconciliation Statement August 31, 20X1 Balance on bank statement Additions: Deductions: Total deductions Adjusted bank balance Ralance in hanke