Smith Inc.

Bank Reconciliation

July 31, 2017

Balance per bank		$3,359	Balance per book	$2,550
Add: deposit in transit		817	NSF cheque J Brown	(300)
Deduct: Outstanding cheques #			Collected note receivable	408*
232	$1,061		Bank fees	(18)
234	240		Bookkeeper error	(9)
195	195
49	49	(1,545)
Balance		$2,631	Balance	$ 2,631

(*) The collection included the original note of $380 and interest of $28. (**) 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.