The following informations were taken from the bank reconciliation prepared by Ihid for the month ended september 30, 2020. -Adjusted bank and book balance as of 9/30(using the adjusted balance method) 850,000 -Bank Balance 9/30 per bank statement is 1,000,000 -NSF Check 25,000 -Net Proceed credited to Ihids account for loan released net of 10,000 as processing fee 190,000 -Deposit in Transit 150,000 -Outstanding checks totaled 300,000 -Cash over from Ihids 9/29 cash deposits 5,000 -Book balance 9/1 (beg) 500,000, total deposits for the month of september 1,500,000 totaldisbursement for September 1,320,000

1. Reconstruct Ihids bank reconciliation using adjusted balance method

2. adjusting entries