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The following information relates to the month of August for XYZ Inc. Prepare the bank reconciliation. DateInformation1Aug 31Bank statement balance $3,4902Aug 31Bank statement reflects bank

The following information relates to the month of August for XYZ Inc. Prepare the bank reconciliation.

DateInformation1Aug 31Bank statement balance $3,4902Aug 31Bank statement reflects bank fees for the month $353Aug 28NSF cheque $100 with fee of $10.4Aug 27Bank statement reflects paper statement fee $805Aug 31Bank statement reflects interest earned on balance $86Aug 31$1,000 note receivable collected by bank and deposited into XYZ's account. Related bank fee is $40.7Aug 131 XYZ wrote cheques with total value over $60,000. As of Aug 31 $3,021 of the cheques written have not cleared the bank. Also, $200 cheques written back in June have still not cleared the bank.8Aug 31Deposits in transit $1,4509Aug 31The GL reflects cash sales of $145. The bank statement reflects deposits related to these sales of $154. XYZ incorrectly recorded $145.10Aug 31General ledger cash account reflects $967

Which of the following journal entries is required after the bank reconciliation has been prepared?

Dr. General & Admin $80. Cr. Accounts Payable $80. (to reflect paper statement fee).

Dr. bank fees $35. Cr. Cash $35 (to reflect bank fees for the month)

Dr. Interest revenue $8. Cr. Cash $8 (to reflect interest earned on bank balance).

There are no journal entries to record.

None of the others alternatives are correct

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