***Prepare a Journal entry and T-Account Format for the information below.

MATRIX INC. BANK RECONCILIATION

Cash balance per bank $8,500

Cash balance per books (general ledger) $7,320

Outstanding checks $3,6000

Check mailed to the bank for deposit had not reached the bank by the statement date. $2,050

NSF check returned by the bank for accounts receivable $200

July interest earned on the bank statement $10

Check no. 700 for misc. expense cleared

the bank for $200; erroneously recorded

in the Matrix books for $20