Journalize the entries required by the reconciliation. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$Prepare a correct bank reconciliation. $($List items that increase balance as per bank & books first.$)$Anthony Walker is unable to reconcile the bank balance at January $31.$ Anthony$$s reconciliation is as follows.

Cash balance per bank

$$3,480\mathrm{.}48$

Add: NSF cheque

$440\mathrm{.}04$

Less: Bank service charge

$28\mathrm{.}08$

Adjusted balance per bank

$$3,892\mathrm{.}44$

Cash

$$3,738\mathrm{.}59$

Less: Deposits in transit

$540\mathrm{.}04$

Add: Outstanding cheques

$750\mathrm{.}05$

Adjusted balance per books

$$3,948\mathrm{.}60$

Answer rating: 100% (QA)

To journalize the entries required for the reconciliation and prepare a correct ban... View the full answer