The Cash account of Regard Corp. reported a balance of $3,570 at August 31,2016. Included were outstanding checks totaling $1,800 and an August 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Tri State Bank, listed an August 31 balance of $5,476. Included in the bank balance was an August 30 collection of $633 on account from a customer who pays the bank directly. The bank statement also shows a $27 service charge, $30 of interest revenue that Regard earned on its bank balance, and an NSF check for $30. Regard Corp.'s bank reconciliation follows.

	Regard Corp.
	Bank Reconciliation
	August 31, 2016

	Bank			Books
	Balance, August 31		$5,476	Balance, August 31		$3,570
	Add:			Add:
	Deposit in transit		500	Bank collection		633
			5,976	Interest revenue		30
						4,233
	Less:			Less:
	Outstanding checks		(1,800)	Service charge	(27)
				NSF check	(30)	(57)
	Adjusted bank balance		$4,176	Adjusted book balance		$4,176

Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction August 31, 2016, and include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Record the bank Collection

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2016
Aug	31

Record the interest revenue.

Journal Entry
Date	Accounts and Explanations	Debit	Credit
2016
Aug 31

Record the bank service charge.

Journal Entry
Date	Accounts and Explanations	Debit	Credit
2016
Aug 31

Record the NSF check returned by the bank

Journal Entry
Date	Accounts and Explanations	Debit	Credit
2016
Aug 31