Question 5

Inc. Bank Reconciliation July 31, 2017
					Balance per bank		$3,359	Balance per books	$2,550
					Add:			NSF Cheque - J. Brown	(300)
Deposit in transit		817	Bank Collection of N/R	408*
Deduct:			Bank fee	(18)
O/S Cheque #232	$1,061		Bookkeepers error	(9)**
O/S Cheque #234	240
O/S Cheque #235	195
O/S Cheque #236	49
Total O/S Cheques		(1,545)
Reconciling balance		$2,631	Reconciling balance	$2,631

(*) The collection included the original note of $380 and

(**) The bookkeeper made an error recording a payment on account. They recorded the cheque, a payment on account for $1,590, the actual amount of the cheque was $1,599.

Required:

Based on the completed Bank Reconciliation above, please record any required journal entries.