Prepare the entries needed to adjust the book balance of Cash to the reconciled balance.

Problem $7-11$B Preparing a bank reconciliation and recording adjustments LO$6$

CHECK FIGURE: $1.$ Adjusted book balance $=$$$60,580$

The following is information for the Donut Holes Cafe:

a$.$ Balance per the bank statement dated December $31,2020,$ is $$50,860.$

b$.$ Balance of Cash account on the company books as of December $31,2020,$ is $$57,285.$

c$.$ A cheque from customer Della Armstrong for $$7,860$ that had been deposited in the bank was erroneously recorded by the bookkeeper as $$8,760.$

d$.$ A cheque made out by Neon Company for $$10,140$ deposited on December $21$ is returned by the bank marked NSF; no entry has been made on the company records to reflect the returned cheque.

e$.$ Among the cancelled cheques is one for $$692$ given in payment of an account payable to CT Financial; the bookkeeper had incorrectly recorded the cheque at $$962$ in the company records.

f$.$ Bank service charges for December amount to $$35.$

g$.$ The bank erroneously charged the Donut Holes Cafe account for a $$5,000$ cheque of HRD Company; the cheque was found among the cancelled cheques returned with the bank statement.

h$.$ The bank had collected a $$14,150$ electronic fund transfer for a customer payment; $$14,150$ was credited to the Donut Holes Cafe's bank account; a collection fee of $$50$ was debited to the Donut Holes Cafe's bank account.

i$.$ The bank deposit of December $31$ for $$6,860$ does not appear on the bank statement.

j$.$ Outstanding cheques as of December $31$: #$197,$ $$920$; #$199,$ $$1,220.$

$533$