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please help a Complete a bank reconciliation and the necessary journal entries for the following company. On August 31, 2021, Bugs Company's cash account shows
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a Complete a bank reconciliation and the necessary journal entries for the following company. On August 31, 2021, Bugs Company's cash account shows a balance of $8,290. A deposit of $3,025 was recorded by Bugs, but the bank has not yet recorded it. Checks in the amount of $1,485 were written but have not cleared the bank. The Bank statement shows a balance of $11,620. The Bank statement also indicated service charges of $150. Bugs discovered a bank error of $5,320. That amount was supposed to be deposited into the Scrubs Co. account, but was placed in Bugs Co. account by mistake. Also, Bugs was notified by the bank that a customer's check for $300 was returned due to non-sufficient funds Step by Step Solution
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