Practice Example of a Bank Reconciliation Using the following information, prepare a bank reconciliation for Gouge Com March 31, 2018. pany for a. The bank statement balance is $3,506. b. The cash account balance is $3,630 c. Outstanding checks totaled $1,085. d. Deposits in transit are $1,170 e. The bank service charge is $30. f A check for $98 for supplies was recorded as $89 in the ledger. Practice Example on Calculating Interest on Notes: Peanuts Company has the following transactions related to notes receivable during the year: Jan. 1 July 1 1 Nov. 16 Loaned $15,000 cash to Lucy on a 2-year, 8.5% note. Sold goods to Charlie, receiving a $10,000, 1-year, 9.6% note. Received an $20,000, 3-month, 17.5% note to settle an open acco from Snoopy Accrued interest revenue on all notes receivable. Dec. 31 nstructions: Journalize the transactions for Peanuts Company