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The following bank reconciliation statement for Mona Company for the month ended on July 31 2016: Required: 2- Prepare the necessary journal entries from the

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The following bank reconciliation statement for Mona Company for the month ended on July 31 2016: Required: 2- Prepare the necessary journal entries from the following bank reconciliation (3 Points) Mona Company Bank Reconciliation Statement for the month ended July,31,2016. Balance per Bank Statement 18250 Add: Deposit in transit 7750 26,000 Less: Outstanding Checks Adjusted Balance per Bank Statement 2,500 23,500 Balance per Cash Book Add: Collected of Notes Receivable Interest Earned 6,000 650 25,750 Less: NSF Checks/ Bank Services Charge/ 1,900 350 2,250 Adjusted Balance per Cash Book 23,500

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