The following information pertains to Laguna Corp.
1. Cash balance per bank, October 31, $8,205.
2. Cash balance per books, October 31 $8,340.
3. October bank service charge not recorded by the depositor $15.
4. Deposits in transit, October 31, $6,000.
5. Note for $5,000 collected for Laguna in October by the bank, plus interest $125 less fee $20. The collection has not been recorded by Allied, and no interest has been accrued.
6. Outstanding checks, October 31, $850
7. NSF check: $325 from customer.
8. Deposit for $250 from customer was not recorded in the accounting records.
Required:
Prepare a bank reconciliation at October 31, 2007 and journal entries. Identify the items above that will require journal entries in the accounting records. Circle the corresponding number.