Daniel Scott is an audit manager with the accounting E B D F Daniel Scott is an audit manager with the accounting firm of Nelson & Riley, CPAs. As part of the routine audit procedures for one of the firm's dients, Daniel instructed Wanda Mulins, a newly hired staff auditor, to obtain a bank statement directly from the dient's bank and prepare an independent reconciliation of the Cash account. Wanda did a great job and presented Daniel with the following reconciliation. Daniel has now forwarded this document directly to you, with a request that you prepare proposed adjusting entries that need to be recorded by the dient. $ 67,700.98 Ending balance per bank statement Add: Deposits in transit Deduct: Outstanding checks 13,444.12 #12221 16,887.34 #12327 5,550.50 132.74 #12329 125,570.58) Correct cash balance S 55,574.52 52,148.55 Ending balance per company records Add: Payment from customer via ETF Interest eamings 5 3,445.99 566.88 4,012.87 466.90 Deduct: Reject customer credit card/charge back Service charges Correct cash balance 120.00 (586.901 55,574.52 This payment has yet to be recorded as revenue by the company coSave ne Insert Draw Page Layout Formulas Data Review View Tell Calibri (Body) 10 AA E ab Wra ste BIVE Mer A B DE F G GENERAL JOURNAL Date Accounts Debit Credit To record adjustments necessitated by bank reconciliation 0 -1