Prepare Journal Entries for Bank Reconciliation Deduct outstanding checks: No. 296 Bank statement balance, July 31 Add deposits in transit No. 299 No. 301 Adjusted bank balance Book balance, July 31 Add error on Check No. 291* Deduct: NSF check Adjusted book balance Bank service charge 1 2 3 4 Accounts Payable was debited in original entry. 6 DATE Lisa Chal Associates 20- July 31 Based on the bank reconciliation, prepare the journal entries. Bank Reconciliation Cash Feedback July 31, 20-- V ACCOUNT TITLE 5 July 31 Accounts Receivable Accounts Payable To correct error on Check No. 291 Cash To record NSF check 9 July 31 Miscellaneous Expense 10 11 Page: $250.00 98.00 Cash To record bank service charge $213.50 17.80 $250.00 DOC. POST. NO. REF. 33.20 10.00 $2,764.40 348.00 $3,112.40 264.50 $2,847.90 $3,084.90 23.00 $3,107.90 260.00 $2,847.90 DEBIT CREDIT 00 11 W N 3 5 6 9 10

Prepare Joutnal Entries for Bank Reconciliation Based on the bank reconcilation, prepare the joumal entries