Raymond Corporation received the following bank statement for the month of October. Checks Deposits Balance $2,970.18 $ 321.70 Date 9/30 Beg. balance 10/2 10/4 10/8 10/13 10/14 $1,204.50 43.80 905.36 100.20 10/10 60.00 $38.11 4,000.00 $ 4,831.50 6,597.18 6,231.68 5,326.32 5,128.01 9,128.01 8,837.56 8,012.21 10,303.58 7,195.16 7,131.27 6,729.37 6,640.47 5,311.70 10/17 309.24 431.15 21.72 2,850.63 290.45 516.11 106.39 3,108.42 63.89 290.00** 88.90 20.00*** 10/19 10/21 10/23 10/25 10/27 10/31 *NSF check **Debit memo (Rent Expense) **Service charge 111.90 1,308.77 Service og The cash records of Raymond Corporation provide the following information: Date Item Debit Credit Balance 10/1 Balance from 9/30 $ 6,553.38 10/2 Check #1908 $ 321.70 6,231.68 10/5 Check #1909 905.36 5,326.32 10/6 Check #1910 100.20 5,226.12 10/6 Check #1911 60.00 5.166.12 10/7 Check #1912 38.11 5,128.01 10/12 Deposit #411 $4,000.00 9,128.01 10/15 Check #1913 516.11 8,611.90 10/16 Check #1914 309.24 8,302.66 10/17 Check #1915 431.15 7,871.51 10/17 Check #1916 21.72 7,849.79 10/18 Deposit #412 2,850.63 10,700.42 10/18 Check #1917 106.39 10,594.03 10/20 Check #1918 63.89 10,530.14 10/20 Check #1919 3,108.42 7,421.72 10/23 Check #1920 111.90 7,309.82 10/25 Check #1921 88.90 7,220.92 10/29 Check #1922 1,803.77 5,417.15 10/30 Check #1923 284.77 5,132.38 10/31 Check #1924 628.32 4,504.06 10/31 Deposit #413 3,408.20 7,912.26 Cash balance from bank statement 5,311.70 Add: Deposit in transit 3,408.20 Less: Outstanding checks: 1923 284.77 1924 628.32 -913.09 7,806.81 7,912.26 Adjusted cash balance Cash balance from company records Add: Error in recording check 1922 495 Less: Service charge 20 NSF check 290.45 Debit memo 290 -600.45 Adjusted cash balance 7,806.81 2. Prepare adjusting entries based on the bank reconciliation. If required, round your answers to two decimal places. Oct. 31 Bank Service Charge Expense X 20 X Cash x 20 x (Correct error in recording check) Oct. 31 Rent Expense X 290 x Cash 290 X (Record bank service charge) Oct. 31 Accounts Receivable 290.45 Cash 290.45 (Record NSF check) Oct. 31 Rent Expense Cash (Record debit memo for rent expense)