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Question(s) / Instruction(s):

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         $4,225.20              

 Cash balance per books                               $3,875.20

 Less: Deposits in transit                                530.00

 Add: Outstanding checks             930.00

 Adjusted balance per books      $4,275.20

Required:

1.            Prepare a correct bank reconciliation

2.            Journalize the entries required by the reconciliation. 

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