Canvas.com received a bank statement from Buttermilk Bank indicating a bank balance of $7,600. Based on Canvas.com’s check stubs, the ending checkbook balance was $8,231. Your task is to prepare a bank reconciliation for Canvas.com as of July 31, 201X, from the following information (journalize entries as needed):

1. Checks outstanding: no. 122, $810; no. 130, $720.

2. Deposits in transit, $1,800.

3. Canvas.com forgot to record a $1,240 equipment purchase made with a debit card.

4. Bank service charges, $60.

5. Buttermilk Bank collected a note for Canvas.com, $950, less an $11 collection fee.