AB 116 WEEK 1 LEARNING ACTIVITY

AB 116 WEEK 1 Sky Company is unable to reconcile the bank balance at January 31. Sky- reconciliation is as follows. 
            Cash balance per bank                                                $5,300 
            Add: NSF check                                                           $1,570 
            Less: Bank service charge                                               $35 
            Adjusted balance per bank                                          $6,835 
            Cash balance per books                                              $5,705 
            Less: Deposits in transit                                                 $750 
            Add: Outstanding checks                                            $1,950 
            Adjusted balance per books                                        $6,905 

Which is the correct bank reconciliation?Sky Company is unable to reconcile the bank balance at January 31. Sky- reconciliation is as follows. 
            Cash balance per bank                                                $5,300 
            Add: NSF check                                                           $1,570 
            Less: Bank service charge                                               $35 
            Adjusted balance per bank                                          $6,835 
            Cash balance per books                                              $5,705 
            Less: Deposits in transit                                                 $750 
            Add: Outstanding checks                                            $1,950 
            Adjusted balance per books                                        $6,905 

Which is the correct journal entry?

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