Prepare the bank reconciliation for Gambit Company and complete the adjusting journal entries after the reconciliation is done for August 31, 2020 using the following information: 70 marks + 30 marks

The balance on August 31, 2020 bank statement is $41,355. The balance per books on August 31, 2020 is $43,660. Outstanding cheques as of August 31, 2020 are of $1,660. Deposits in transit as of August 31, 2020 are of $2,050. The accountant mistakenly recorded a $440 cash receipt as $240. The bank by mistake deducted $1,125 from Gambit Company account. The bank statement indicated bank service charges of $50 for August. Gambit Company pays its insurance of $615 by EFT each month. Bank charged $325 for an NSF cheque