When Sunland Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $17,345 as at October 31. Sunland's general ledger showed a cash balance of $19,240 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. Bank service and credit card charges for the month were $7. 2. A cheque, in the amount of $630, from one of Sunland's customers that had been deposited during the last week of October was returned with the bank statement as "NSE." 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $860 but had been incorrectly recorded in the general ledger as $680. 4. Sunland had written and mailed out cheques with a value of $2,560 that had not yet cleared the bank account. 5. During the month, the bank collected a $2,800 note receivable plus the outstanding interest of $252 on behalf of Sunland. The interest had already been accrued. 6. The cash receipts for October 31 amounted to $6,690 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October. SUNLAND HOLDINGS LTD. Bank Reconciliation October 31 Cash balance per bank statement Add : Deposits in transit Less : Outstanding cheques Reconciled cash balance per bank $ Cash balance per books $ Add - Note receivable collections 2800 Interest receivable collection on note 252 Less Bank service charges 7 NSF cheque 630 J. Cheque #3421 error 180 Reconciled cash balance per books $ Prepare any journal entries required from the reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Cr Oct. Bank Charges Expense 31 Bank Loan Payable (To record EFT collections) (To record account receivable) (To adjust cheque #3421) 31 (To record bank service charge)