The following information is available for Golden Image, Inc.:

? The bank statement indicated a monthly service charge of $200.
? Golden Image made a deposit of $2,660 on June 30, but this deposit did not appear on the bank statement until July 6.
? The bank collected an account receivable of $900 from one of Golden Image's customers.
? The bank also collected interest revenue for Golden Image of $99.
? The bank also returned a nonsufficient funds check for $378 from John Able, one of Golden Image's customers.
? Checks #1874 for $1,140, #1898 for $609, and #1899 for $875 were written by Golden Image and sent to the respective companies, but these checks do not appear on the bank statement.
? The balance on the bank statement as of June 30 was $16,711.
? On June 30, the Cash account from Golden Image's books showed an amount of $16,326.

Required:
1. Prepare the bank reconciliation at June 30 for Golden Image, Inc.
2. Prepare the necessary journal entries by Golden Image, Inc., at June 30.

1.
Golden Image, Inc.
Bank Reconciliation
June 30
Balance per bank $16,711 Balance per books $16,326
Add: Add:
Deposits in transit 2,660 Account receivable $900
Less: Interest revenue 99 999
Outstanding checks Less:
1874 $1,140 NSF check 378
1898 609 Monthly service charge 200 (578 )
1899 875 (2,624 ) Adjusted book balance $16,747
Adjusted bank balance $16,747

2. Journal entries

Date Account Debit Credit

June 30 Cash 900
Account Receivable 900

Cash 99
Interest Revenue 99

Accounts Receivable 378
Cash 378

Miscellaneous Expense 200
Cash 200