Anna Pelo is unable to reconcile the bank balance at January 31.Anna’s reconciliation is
as follows.
| Cash balance per bank | 3,560.20 |
| Add: NSF check | 690.00 |
| Less: Bank service charge | 25.00 |
| Adjusted balance per bank | 4,275.20 |
| Cash balance per books | 3,875.20 |
| Less: Deposits in transit | 530.00 |
| Add: Outstanding checks | 930.00 |
| Adjusted balance per books | 5,335.20 |
Instructions
(a) Prepare a correct bank reconciliation.
(b) Journalize the entries required by the reconciliation.
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