1. Using the following information how do I prepare a bank reconciliation for Dunbar Associates for August 31, 2017.

• The bank statement balance is $4690
• The cash account balance is $5080
• Outstanding checks amounted to $715
• Deposits in transit are $1020
• The bank charge is $40
• A check for $72 for supplies was recorded as $27 in the ledger

Secondly, how do I journalize the entries to record the following:

• Aug 1, Established a petty cash fund of $500
• Aug 30, The amount of cash in the petty 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.