Prepare the entries to adjust Imagination Stations cash account.

Bank Reconciliation 1. From the following information prepare a bank reconciliation from Imagination Station for May 31, 2020. a. Balance per bank statement, May 31 $1,500 b. Deposits in transit 300 C. Checks outstanding 390 d. Interest earned on our average balance 60 e. Customer's note collected by our bank 450 f. Check no. 390 for utilities expense was recorded in the Cash Payments Journal as $600, but paid by the bank in the correct amount of 60 g. Service charges included on the statement 50 h. NSF check returned with statement. Check was from a customer. 200 Bank Balance 710 Add: DIT 300 60 Imagination Station Bank Reconciliation May 31, 2020 1,500 Checkbook Balance Add: Interests N/R Error-utilities exp. 300 Deduct: Service charge NSF 450 540 1,050 390 50 Deduct: 0/S checks 200 (390) 1,410 (350) 1,410 Adjusted Balance Adjusted Balance Prepare the entries to adjust Imagination Station's cash account. General Ledger Cash 5/31 710 General Journal P/R Date Debit Credit Accounts Cash Interests Revenue N/R Utilities expense Service Charge expense Accounts Receivable Cash