Question 12 (5 points) Canton Company prepares a bank reconciliation at the end of every month. At the end of December 2020, the cash account in Canton's general ledger showed a balance of $10,530. The bank statement for this account showed a bank balance of $9,800. Outstanding checks totaled $1,900 and outstanding deposits (deposits in transit) were $620. The bank statement listed service charges of $70, and an NSF check of $440. Also, the based on a prior agreement, the bank withdrew a mortgage payment of $1,500 (the interest portion of this payment was $210) from Canton's checking account, which Canton had not yet recorded. Prepare the adjusting journal entry which Canton would make after it prepares its December bank reconciliation. (Note: you do not need to include the bank reconciliation). 2:00 Time Left: 1:14:52 Question 12 (5 points) Canton Company prepares a bank reconciliation at the end of every month. At the end of December 2020, the cash account in Canton's general ledger showed a balance of $10.530. The bank statement for this account showed a bank balance of $9.800. Outstanding checks totaled $1,900 and outstanding deposits (deposits in transit) were $620. The bank statement listed service charges of $70, and an NSF check of $440. Also, the based on a prior agreement, the bank withdrew a mortgage payment of $1,500 (the interest portion of this payment was $210) from Canton's checking account, which Canton had not yet recorded. Prepare the adjusting journal entry which Canton would make after it prepares its December bank reconciliation. (Note: you do not need to include the bank reconciliation). AM