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Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed its Cash account showed a $10,891 debit balance. However, Kesler's July 31 bank statement showed only 59,913 on deposit in the bank on that day along with the following information a. Outstanding cheques, $2.719 b. Included with the July cancelled cheques returned by the bank was a $38 debit memo for bank services c. Cheque #919. returned with the cancelled cheques, was correctly drawn for $674 in payment of the utility bill and was paid by the bank on July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for 5764 d. The July 31 cash receipts, $3.719 were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared Y VOTI Statement was prepared Required: a. Prepare a bank reconciliation for Kesler Co. at July 31. Bank Statement Bank statement balance Add: oly 31, 2020 Company's Books Book balance of cash Add: Deduct: Deduct: Adjusted book balance Adjusted bank balance b. Give the journal entries that Kesler Co should make as a result of having prepared the bank reconciliation in part View transaction list Journal entry worksheet 1 2 Record to correct utilities error. Note: Enter debits before credits. General Journal Debit Credit Date Jul 31 Analysis Component Identify whether profit, assets, liabilities, and equity would be over- or understated if the journal entries in pan ) were not recorded (If there is no effect on any of the elements, select "No effect".) Profit Assets Liabilities Equity

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