Question: Exercise E The following is a bank reconciliation for Brian company as of August 31. Balance per bank statement, August 31 Add: Deposit in transit

Exercise E The following is a bank reconciliation for Brian company as of August 31. Balance per bank statement, August 31 Add: Deposit in transit $ 7,470 5,676 13,146 6,024 $ 7,122 Less: Outstanding checks Adjusted balance August 31 Balance per ledger, August 31 Add: Error correction $ 7,248 54 7,302 150 30 Less: NSF check Service and collection charges Adjusted balance, August 31 180 $ 7,122 Prepare the journal entry or entries needed to adjust or correct the Cash account. Then post the entries to the cash account. check in error was made out to Mike's Electrical Co. for a $182 repair bill

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