Bank Reconciliation and Related Journal Entries The book balance in the checking account of Johnson Enterprises as of October 31 is $5,718. The bank statement shows an ending balance of $5,217. The following information is discovered by (1) comparing last month's deposits in transit and outstanding checks with this month's bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement. Deposits in transit: 10/29 $210.00 10/30 406.00 Outstanding checks: No. 1635 56.40 No. 1639 175.00 No. 1641 135.50 No. 1653 443.10 200.00 Unrecorded ATM withdrawal:* Bank service charge: NSF check: 37.00 476.00 Error on Check No. 1624 Checkbook shows it was for $75, but it was actually written for $57. Accounts Payable was debited. *Funds were withdrawn by Enoch Johnson for personal use. Required: 1. Prepare a bank reconciliation as of October 31, 20--- Johnson Enterprises Bank Reconciliation October 31, 20-- Bank statement balance, October 31 Deduct deposits in transit: x 5,217 October 29 210 ✓ October 30 406 ✓ 616 ✓ 5,833 Add outstanding checks: x No. 1635 56.40 No. 1639 175.00 No. 1641 130.50 x No. 1653 443.10 810 Adjusted bank balance 5,023 Book balance, October 31 5,718 5,718 Book balance, October 31 Deduct error on Check No. 1624 x 18 Deduct: Unrecorded ATM withdrawal $ 200 476 x Add: NSF check x Add: Bank service charge x 37 X 713 → Adjusted book balance 5,023 2. Prepare the required journal entries. Page: DOC. POST. NO. REF. DEBIT CREDIT 1 DATE ACCOUNT TITLE 20-- Oct. 31 Cash Accounts Payable 18 1 2 182 3 Error on Check No. 1624 3 4 4 5 31.00 Accounts Receivable x 476 X 5 6 Cash 476 x 6 7 Unrecorded ATM withdrawal 7 8 8 9 31.00 Miscellaneous Expense 37 9 10 Cash 37 10 11 Bank service charge 11 12 12 13 31.00 Enoch Johnson, Drawing x 200 X 13 14 Cash 200 х 14 15 NSF check 15