Burke Company has just received its June 30 bank statement from Urban Bank.The bank statement and the cash account,summarized below,are to be reconciled for the month of June. $\begin{array}{lrlr}
\text { Bank Statement } & & \text { Cash Account } \
\text { Balance, June } 1 & \$ 5,200 & \text { Balance, June } 1 & \$ 5,500 \
\text { Deposits } & 9,200 & \text { Cash receipts } & 9,000 \
\text { Interest paid by bank } & 240 & \text { Checks written } & (7,700) \
\text { Checks cashed } & (7,475) & & \
\text { Bank service charge } & (20) & & \
\text { NSF check (Jimmy Dean) } & (100) & & \
\text { Balance, June } 30 & \$ 11,045 & \text { Balance, June } 30 & \$ 10,800 \
& & & \
\text { Other Data: } & & & \
& \text { May } & \text { June } & \
\text { Deposit in transit at month end } & \$ 600 & \$ 400 & \
\text {Outstanding checks at month end } & 300 & 525 & \
\end{array}$ Required:
A.Prepare the June 30 bank reconciliation.
B.Prepare the journal entries that should be made in the accounts of Burke Company as a result of the bank reconciliation.

Question

Burke Company Has Just Received Its June 30 Bank Statement