Question: Chapter 6 Practice problem Bank reconciliation The bank statement for Fashion Fly had an ending cash balance of $ 1 , 5 0 0 on

Chapter 6 Practice problem Bank reconciliation
The bank statement for Fashion Fly had an ending cash balance of $1,500 on December 31,2018. On this date the cash balance in their general ledger was $2,000. After comparing the bank statement with the company records, the following information was determined.
The bank returned an NSF check in the amount of $320 that Fashion Fly deposited on December 20. The NSF service fee was $5.
A direct deposit was received from a customer on December 30 in payment of their accounts totaling $3,850. This has not yet been recorded by the company.
On December 30 the bank deposited $10 for interest earned.
The bank withdrew $15 for bank service charges.
Deposits in transit on December 31 totaled $4,020.
A. Reconcile the ledger and bank statement.
B. Prepare the required journal entries

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