Based on the following bank reconciliation, prepare the journalentries: Lisa Chai Associates Bank Reconciliation July 31, 20

Based on the following bank reconciliation, prepare the journalentries:

Transcribed Image Text:

Lisa Chai Associates Bank Reconciliation July 31, 20 -- Bank statement balance, July 31 Add deposits in transit $2 764 40 $250 00 98 00 3 48 00 $3 1 12 40 Deduct outstanding checks: $353 50 17 80 No. 387 No. 393 33 20 40450 No. 398 Adjusted bank balance $2 | 7|0|7 90 Book balance, kuly 31 Add error on Check No. 394 $3 084 90 23 00 $3 107 90 Deduct: NSF check Bank service charge Adjusted book balance $390 00 10 00 400 00 $2 | 7|0|790 "Accounts Payable was debited in original entry.