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The cash account of Kingbird Co. showed a ledger balance of $9,426.84 on June 30, 2020. The bank statement as of that date showed a balance of $9,960. Upon comparing the statement with the cash records, the following facts were determined. 1. There were bank service charges for June of $60. 2. A bank memo stated that Bao Dai's note for $2,880 and interest of $86.40 had been collected on June 29, and the bank had made a charge of $13.20 on the collection. (No entry had been made on Kingbird's books when Bao Dai's note was sent to the bank for collection.) 3. Receipts for June 30 for $8,136 were not deposited until July 2. 4. Checks outstanding on June 30 totaled $5,126.52. 5. The bank had charged the Kingbird Co's account for a customer's uncollectible check amounting to $607.68 on June 29. a 6. A customer's check for $216 (as payment on the customer's Accounts Receivable) had been entered as $144 in the cash receipts journal by Kingbird on June 15. 7. Check no. 742 in the amount of $491 had been entered in the cash journal as $419, and check no. 747 in the amount of $139.68 had been entered as $1,396.80. Both checks had been issued to pay for purchases and were payments on Kingbird's Accounts Payable. Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance. (Enter answers to 2 decimal places, e.g. 125.62.) KINGBIRD CO. Bank Reconciliation June 30, 2020 Balance per bank $ 9960 Add V: Deposits in transit 8136 Less Outstanding checks 5126.52 Correct cash balance $ 12969.48 Balance per books $ 9426.84 Add: Error in recording deposit $ 72 Note collection 2966.4 Error on check no. 742 1257.12 4295.52 13722.36 Less: Bank service charges 73.2 Error on check no. 742 72 NSF check 607.68 752.88 Correct cash balance $ 12969.48 Prepare entries necessary to make the books correct and complete. Use Office Expense account for bank service charges. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record increases to cash) (To record decreases to cash)

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