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Below is the bank statement information about Marias International Company as on June 30, Year...

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Accounting

Below is the bank statement information about Marias International Company as on June 30, Year 1. Cash balance per bank, June 30, Year 1 $7,250 Cash balance per general ledger, June 30, Year 16,965 Outstanding checks, June 30, Year 11,345 Deposit in transit, June 30, Year 1525 NSF check (from a customer for a payment on account) returned by bank 725 April interest earned per bank statement 50 Check no.700 for Utilities expense cleared the bank for $560, but was erroneously recorded in the books at $650 Deposit in amount of $2,000, recorded properly on books, erroneously credited on bank statement as $2,050 Required: Part A: Prepare a bank reconciliation as of June 30, Year 1. Part B: Prepare any journal entries required as a result of the bank reconciliation.

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