Bank Reconciliation
(A

Bank reconciliation
(A.) You are to complete the June 30 bank reconciliation for Silver Company using the following information:
(B.) Give in general journal form the entry or entries necessary to correct Silver's accounting records as of June 30. (Explanations may be omitted; one compound journal entry is acceptable.)
$\begin{array}{|c|l|c|c|l|c|}\hline 1 & \text { Outstanding checks:.. } & & 3 & \text { Deposit in transit. } & \$ 2,325 \\\hline & \text { No. } 479 & \$ 527 & 4 & \text { Note collected by bank } & \\\hline & \text { No. } 486 & 390 & & \text { As agent of Silver } & \\\hline & \text { No. } 490& 650 & & \text { (no interest) } & \$ 2,000 \\\hline 2 & \text { Check no. } 485 \text { (for Repairs } & & 5 & \text { NSF check } & \\\hline & \text { Expense was written for } & & & \text { of D. Chan } & \$ 995 \\\hline & \$ 323 \text { but erroneously } & & 6 & \text { Bank service charge } & \$ 45 \\\hline & \text { recorded in Silver's } & & & & \\\hline & \text { records as } \$ 233 & & & & \\\hline & \text { Difference } & 90 & & & \\\hline\end{array}$
$\begin{array}{c}\text { SILVER CO. } \\\text { Bank Reconciliation } \\\text { June } 30,20\underline{\quad\quad}\\\begin{array}{|l|c|}\hline \text { Balance per bank statement, June } 30 \ldots \ldots \ldots \ldots \ldots & \$ 9,079 \\\hline \text { Add: } & \\\hline \text { Deduct: } & \\\hline \text { Adjusted balance } & \\\hline \text { Balance per depositor's records, June } 30 \ldots \ldots \ldots & \$ 8.967 \\\hline \text { Add: } & \$ \\\hline \text { Deduct: } & \\\hline \text { Adjusted balance (as above) }& \$ \\\hline\end{array}\end{array}$