Problem
Practice Problem 2 The following information pertains to Robo Corp.
1. Cash balance per bank, July 31, $8,500.
2. July bank service charge not recorded by the depositor $50.
3. NSF check: $600 from customer.
4. Deposits in transit, July 31, $2,300.
5. Note for $2,000 collected for Robo in July by the bank, plus interest $200 less fee $40. The collection has not been recorded by Allied, and no interest has been accrued.
6. Outstanding checks, July 31, $1,2007. Cash balance per books, July 31 $8,090.
Required: Prepare a bank reconciliation at July 31, 2007 and journal entriesIdentify the items above that will require journal entries in the accounting records. Circle the correspondingnumber.