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Problem 4 (15 Points) Sky Company is unable to reconcile the bank balance at January...

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Accounting

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Problem 4 (15 Points) Sky Company is unable to reconcile the bank balance at January 31. Sky's reconailiation is as follows Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $6,300 2,000 100 $8,.200 $7.400 1,500 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 8.400 Instructions (a) Prepare a correct bank reconciliation. (b) Journalize the entries required by the reconciliation

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