The following information is available to reconcile Gucci's book balance of cash with its bank statement cash balance as of December 31. a. The December 31 cash balance according to the accounting records is $1,610, and the bank statement cash balance for that date is $1,900. b. Gucci's December 31 daily cash receipts of $800 were placed in the bank's night depository on December 31 but do not appear on the December 31 bank statement. c. Gucci's comparison of canceled checks with its books shows three checks outstanding: No. 6242 for $200, No. 6273 for $400, and No. 6282 for $100. d. When the December checks are compared with entries in the accounting records, it is found that Check No. 6267 had been correctly drawn (subtracted from the bank balance) for $340 to pay for office supplies but was erroneously entered in the accounting records as $430. e. The bank statement shows the bank collected a note receivable and increased Gucci's account for $470. Gucci had not recorded this transaction before receiving the statement. f. The bank statement included an NSF check for $150 received from Prada Inc. in payment of its account. It also included a $20 charge for check printing. Gucci had not recorded these transactions before receiving the statement. Required 1. Prepare the bank reconciliation for this company as of December 31. 2. Prepare the journal entries to make Gucci's book balance of cash equal to the reconciled cash balance as of December 31. Bank-Side $ 1,900 Bank Statement Ending Balance Add: Deposits in Transit Check no. 6272 error in recording office supplies Collection of notes recievable Bank Reconciliation Book-side $ 1,610 Book Ending Balance (Cash T-Account) Additions: 90 Adjusted Bank Balance 470 Bank Statement Ending Balance $ 1,260 1,610 2,870 S 200 800 Deduct: Outstanding Checks Check no.6242 Check no.6273 Check no.6282 Adjusted Bank Balance $ 400 Deductions: Deposit in transit NSF check Check print charge Adjusted Book Balance 150 100 20 970 $ 1,260 $ 1,900 $ 2,870 General Journal Accounts Debit Credit 90 90 470 470 Date 31-Oct Current bank account Office supplies Correct an entry error. 31-Oct Bank Notes recievable Record note collection 31-Oct Accounts recievable cash Charge account for NSF check. 31-Oct Miscellaneous expenses Current bank account Record check printing charge. 150 150 20 20 Cash