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The following bank reconciliation was prepared for Hunter Inc.: BANK BOOKS Balance per bank Dec 31 $3,725 Balance per books Dec 31 $5,560 Additions: Additions:

The following bank reconciliation was prepared for Hunter Inc.:

BANK BOOKS Balance per bank Dec 31 $3,725 Balance per books Dec 31 $5,560 Additions: Additions: Outstanding deposit 2,100 EFT rental revenue 290 Outstanding deposit 300 Bank error 85 2,485 Deductions: Deductions: Outstanding cheques: Correction #504 (275 -257) 18 #506 465 Service Charge 35 #508 98 (563) EFT insurance expense 150 (203) Adjusted bank balance, Dec 31 $5,647 Adjusted book balance, Dec 31 $5,647 Outstanding cheque #506 for $465 (bank side the reconciliation) was a payment for utilities for the month of December. The journal entry to record this outstanding cheque is:

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