What is the difference between the Bank Statement balance and the adjusted bank balance after reconciliation? *

A)100

B)200

C)1900

D)2000

What amount needs to be added to the Bank statement balance for the reconciliation? (eg. 100) *

A)700

B)800

C)1610

D)1900

What is the difference between the Book balance and the adjusted book balance after reconciliation? *

A)1610

B)2000

C)390

D)410

For the erroneous entry of check no. 6267 (d), what will be the journal entry prepared by the accountant? *

A)Debit Cash 340 and Credit Office Supplies 340

B)Debit Office Supplies 340 and Credit Cash 340

C)Debit Cash 90 and Credit Office Supplies 90

D)Debit Office Supplies 90 and Credit Cash 90

For the NSF check no. 6267, what will be the journal entry prepared by the accountant? *

A)Debit Cash 150 and Credit Accounts Receivable - Prada 150

B)Debit Accounts Receivable - Prada 150 and Credit Cash 150

C)Debit Cash 150 and Credit Accounts Payable - Prada 150

D)Debit NFS Check 150 and Credit Cash 150

Upload the Bank reconciliation and journal entry file here

Bank Reconciliation Information 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 (taken from the bank) 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. Based on the above information, prepare the bank reconciliation for this company as of December 31. Also, prepare the journal entries to make Gucci's book balance of cash equal to the reconciled cash balance as of December 31. Answer the following questions