Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $8,945. The bank statement indicated a balance of $11,370 on July 31, 20Y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: Checks outstanding totaled $4,090. A deposit of $4,260, representing receipts of July 31, had been made too late to appear on the bank statement. The bank had collected $2,220 on a note left for collection. The face of the note was $2,100. A check for $700 returned with the statement had been incorrectly recorded by Stone Systems as $770. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account. A check drawn for $400 had been incorrectly charged by the bank as $40. Bank service charges for July amounted to $55. Required: Question Content Area 1. Prepare a bank reconciliation. Stone Systems Bank Reconciliation July 31, 20Y5 Cash balance according to bank statement blank $fill in the blank e0f8ea05afd1fcc_1 - Select - $- Select - - Select - blank Total deductions blank fill in the blank e0f8ea05afd1fcc_8 Adjusted balance blank $fill in the blank e0f8ea05afd1fcc_9 Cash balance according to company's records blank $fill in the blank e0f8ea05afd1fcc_10 Adjustments: blank blank $- Select - - Select - blank Total additions blank fill in the blank e0f8ea05afd1fcc_15 blank - Select - Adjusted balance blank $fill in the blank e0f8ea05afd1fcc_18 Question Content Area 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank. 20Y5 July 31 - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - July 31 - Select - - Select - - Select - - Select - Question Content Area 3. If a balance sheet were prepared for Stone Systems on July 31, 20Y5, what amount should be reported as cash? $fill in the blank 2ff719025fa107f_1