Practice Problem 2 The following information pertains to Robo Corp.

Cash balance per bank, July 31, $8,500.

July bank service charge not recorded by the depositor $50.

NSF check: $600 from customer.

Deposits in transit, July 31, $2,300.

Note for $2,000 collected for Robo in July by the bank, plus interest $200 less fee $40. The collection has not been recorded by Allied, and no interest has been accrued.

Outstanding checks, July 31, $1,200

Cash balance per books, July 31 $8,090.

Required: Prepare a bank reconciliation at July 31, 2007 and journal entries. Identify the items above that will require journal entries in the accounting records. Circle the corresponding number.