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Harrison Company maintains a checking account at the First National City Bank. The bank provides...

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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 NSF checks Monthly payment on note, deducted directly by bank from account (includes $570 in interest) Balance, July 31, 2021 $ 56,553 180,200 (193,310) (65) (1,550) (3,670) $ 38,158 The company's general ledger account had a balance of $40,108 at the end of July. Deposits outstanding totaled $7,000 and all checks written by the company were processed by the bank except for those totaling $8,490. In addition, a $2,700 July deposit from a credit customer was recorded as a $270 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $65 disbursement was incorrectly processed by the bank as a $650 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

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