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Problem #2: Bank Reconciliation. On July 31, 2017, Tiger King Company had a cash balance per books of $6,140. The statement from Oklahoma State Bank

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Problem #2: Bank Reconciliation. On July 31, 2017, Tiger King Company had a cash balance per books of $6,140. The statement from Oklahoma State Bank on that date showed a balance of $7,700.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $15. 2.The bank collected $1,520 for Tiger King Company through electronic funds transfer. 3.The July 31 receipts of $1,193.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4.Company check No. 2480 issued to C. Baskin, a creditor, for $384 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348. 5. Checks outstanding on July 31 totaled $1,860.10. 6.On July 31, the bank statement showed an NSF charge of $575 for a check received by the company from Doc Antle, a customer, on account. Balance per Bank Balance per books True Cash Balance True Cash Balance Which items in the reconciliation would require the company to make journal entries? Make the journal entries. Hint: All of these entries will involve CASH. The tricks are to figure whether it goes up or down and the other account involved. Item #

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