Question: Slacks.com received a bank statement from French Bank indicating a balance of $8,200. Based on Slacks.coms check stubs, the ending checkbook balance was $9,000. Your

Slacks.com received a bank statement from French Bank indicating a balance of $8,200. Based on Slacks.com’s check stubs, the ending checkbook balance was $9,000. Your task is to prepare a bank reconciliation for Slacks.com as of July 31, 201X, from the following information (journalize as needed):

a. Checks outstanding: no. 122, $850; no. 130, $720.

b. Deposits in transit, $2,100.

c. Slacks.com forgot to record a $1,300 equipment purchase made with a debit card.

d. Bank service charges, $55.

e. French bank collected a note for Slacks.com, $1,090, less a $5 collection fee.

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