Required: Prepare a bank reconciliation to the correct balance in cash.

Prepare any necessary journal entries for Jack Company.

Use the following information to prepare a bank reconciliation for Jack Company at April 30, 2016:

Cash account balance, April 30, $19,572.80.

Bank statement balance, April 30, $21,516.40.

Service charge on bank statement not recorded in books, $140.00.

Deposits in transit, $2,877.20.

Outstanding checks, April 30, $1,893.60.

The bank statement included a charge of $932.80 for A. Parishs NSF check. The check, returned with the bank statement, had been received by Jack in payment on account.

The bank collected a $4,000.00 note in April for Jack. This amount was included in the bank statement, but Jack had not yet recorded the collection. The banks $140.00 service charge for April [see (3) above] included collection charge for the note.