1. Able.com received a bank statement from Lee Bank indicating a bank balance of $8,000. Based on Able.coms check stubs, the ending checkbook balance was $6,600. Your task is to prepare a bank reconciliation for Able.com as of July 31, from the following information. Prepare the required journal entries. Date the journal entries July 31.

1. Checks outstanding: no. 122, $1,000; no. 130, $690.
2. Deposits in transit $1,110.
3. Bank service charges $83.
4. Lee Bank collected a note for Able.com, $910, less a $7 collection fee.

2. From the following bank statement, please (1) complete the bank reconciliation for Ricks Deli and (2) Prepare the required Journal entries. Date the journal entries February 28.

1. A deposit of $3,000 in is transit.
2. Ricks Deli has an ending checkbook balance of $6,600.
3. Checks outstanding: no. 111, $600; No. 119, $1,200; no. 121, $330.
4. Jim Rices check for $300 bounced due to lack of sufficient funds.

Lowell National Bank Rio Mean Brand Bugna, Texas Ricks Deli 8811 2nd Street Bugna, Texas
Old Balance	Checks in Order of Payment		Deposits	Date	New Balance
6,000				2/2	6,000
	90.00	210.00		2/3	5,700
	150.00		300.00	2/10	5,850
	600.00		600.00	2/15	5,850
	300.00	NSF	300.00	2/20	5,850
	1,200.00		1,200.00	2/24	5,850
	600.00	30.00 SC	180.00	2/28	5,400