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Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2021 bank statement included the following information: Balance, July 1, 2021 Deposits Checks processed Service charges NSP check Monthly payment on note, deducted directly by bank from account (includes $270 in interest) Balance, July 31, 2021 $ 58,053 181,400 (194,510) (70) (2,150) (4,270) $ 38,453 The company's general ledger account had a balance of $41,653 at the end of July, Deposits outstanding totaled $8,200 and all checks written by the company were processed by the bank except for those totaling $8,610. In addition, a $3,900 July deposit from a credit customer was recorded as a $390 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $70 disbursement was incorpctly processed by the bank as a $700 disbursement Required: 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary Journal entries at the end of July to adjust the general ledger cash account The company's general ledger account had a balance of $41653 at the end of July. Deposits outstanding totaled $8,200 and all checks written by the company were processed by the bank except for those totaling $8,610, In addition, a $3,900 July deposit from a credit customer was recorded as a $390 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $70 disbursement was incorrectly processed by the bank as a $700 disbursement. Required: 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary Journal entries at the end of July to adjust the general ledger cash account Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the month of July. $ Bank Balance to corrected Balance Balance per bank statement Add: Deposits outstanding Less: Checks outstanding Add: Bankerror in recording check 38,453 8.200 8,610 abo O $ 38,673 Corrected cash balance Book Balance to Corrected Balance Balance per books Loos: Service charges Loss Monthly payment on noto Add Error in recording cash receipt Less: NSF checks OOOO 41,653 70 4,270 3,510 2,150 Corrected cash balance IS 38,673 C00 Required: 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary journal entries at the end of July to adjust the general ledger qash account. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) No Event General Journal Debit Credit Cash 3,510 Accounts receivable 3,510 1 1 lo 2 2 Miscellaneous expense Accounts receivable Interest expense Notes payable Cash 3000 4,000 270 70 2.150 6,490

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