POST INC. BANK RECONCILIATION Cash balance per bank $8,200

POST INC. BANK RECONCILIATION

Cash balance per bank                        $8,200

Cash balance per books (general ledger)$6,500

Outstanding checks                                $2,460

Check mailed to the bank for deposit had 

 not reached the bank by the statement 

 date.                                                $500

NSF check returned by the bank for  

 accounts receivable                                  $100

July interest earned on the bank statement  $20

Check no. 700 for misc. expense cleared 

 the bank for $200; erroneously recorded 

 in the Matrix books for  $20 

Required:

Prepare a bank reconciliation. 

Shown the accounting entries that must be made by Matrix in journal entry and T-Account format.