PROBLEMS Problem 8-1 (IAA) Apathy Company provided the following information Apathy Campany Date Check No. Withdrawal Deposits 00,000 100,000 Dec. 2 18 20 104 101 106 10,000 5,000 25,000 85,000 60,000 50,000 110,000 10,000 120,000 80,000 30,000 110,000 27 40,000 2,000 RST BANK 103 29 CM 31 Service charge DM Dec. 1 Depoit 100,000Dec. 4 Check No. 101 5,000 6 Check No. 102 15,000 8 Check No. 103 40,000 8 Check No. 104 10,000 10 Check No. 105 30,000 14 Check No. 106 25,000 28 Check No. 107 50,000 21 Depoeit 50,000 27 Deposit 31 Deposit 80,000 10,000 The credit made by the bank on December 29 representa the proceeds of a note received from a customer which was given to the bank for collection by the entity on December 26. Required: a. Prepare a bank reconciliation using adjusted balance method. b. Prepare adjusting entries. 244