Problem 3 1. Using the foll a bank reconcil for August 31 . The bank st . The cash ac . Outstandin rmation, prepare Ounbar Associates alance is $4,690 ance is $5,080. amounted to $715. e $1,020. Deposits in uens . The bank service charge is $40 e A check for $72 for supplies was recorded as $27 in the ledger 2. Journalize the entries to record the following Aug 1. Established a petty cash fund of . Aug 30. The amount of cash in the petty $500 cash fund is now $190. The fund is replenished based on the following receipts: office supplies, $220; postage $80. Record any discrepancy in the cash short and over account. Required Prepare bank reconciliation and journalize the entries