The following is a bank reconciliation for Usman company as of January 31, Balance per bank statement, January 31 8,328 Add: Deposit in transit 5,764 14,092 Less: Outstanding checks 6,042 Adjusted balance, January 31 8,050 Balance per ledger, January 31 8,106 Add: Error correction* 142 8,248 Less: NSF check 153 198 Service and collection charges 45 8,050 Adjusted balance, January 31 * misrecorded payment on account Prepare the journal entry or entries needed to adjust or correct the Cash account. Date Description January 31 Accounts Payable January 31 Submit All Parts Debit Credit