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BUSI 1043: INTRODUCTION TO FINANCIAL ACCOUNTING Case 1 - Marks 10011596) Student Name and III Section: Prepare the bank reconciliation for Huge Companv and complete the adjusting journal entries after the reconciliation is done for August 31. 2019 using the following information: .:..i+ {hi-1'3 The balance on August 31, 2019 bank statement is $40,333. The balance per books on August 31r 2019 is 5 42,023. Deposits in transit as of August 31, 2019 are of $1,660. Outstanding cheques as of August 31, 2019 are of $1,740. The accountant mistakenly:r recorded a $240 cash receipt as $120. The bank by mistake deducted $1,130 from Huge (Stimulantr account. The bank statement indicated bank service charges of $25 for August. Huge Company pays its insurance of 5560 by EFT each month. Bank charged $125 for an NSF cheque Answer: Huge Company Bank Reconciliation August 31, 2019 Bank balance Book balance Add: Add