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P7-14B (Bank Reconciliation and Adjusting Entries) Presented below is information related to Wizards Inc. Balance per books at August 31, $19,580.35; receipts $185,680.86; disbursements $191,600.09.

P7-14B (Bank Reconciliation and Adjusting Entries) Presented below is information related to Wizards Inc. Balance per books at August 31, $19,580.35; receipts $185,680.86; disbursements $191,600.09. Balance per bank statement September 30, $17,680.63. The following checks were outstanding at September 30. 5641 $1,856.21 5642 953.40 5644 2,681.27 5645 300.00 Included with the September bank statement and not recorded by the company were a bank debit memo for $31.00 covering bank charges for the month, a debit memo for $859.46 for a customers check returned and marked NSF, and a credit memo for $900 representing bond interest collected by the bank in the name of Wizards Inc. Cash on hand at September 30 recorded and awaiting deposit amounted to $1,680.91. Instructions (a) Prepare a bank reconciliation (to the correct balance) at September 30, for Wizards Inc. from the information above. (b) Prepare any journal entries required to adjust the cash account at September 30

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