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*P7-14B (Bank Reconciliation and Adjusting Entries) Presented below is information related to WizardsInc.Balance per books...

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*P7-14B (Bank Reconciliation and Adjusting Entries) Presented below is information related to WizardsInc.Balance per books at August 31, $19,580.35; receipts $185,680.86; disbursements $191,600.09. Balanceper bank statement September 30, $17,680.63.The following checks were outstanding at September 30.5641 $1,856.215642 953.405644 2.681.275645 300.00Included with the September bank statement and not recorded by the company were a bank debitmemo for $31.00 covering bank charges for the month, a debit memo for $859.46 for a customer?s checkreturned and marked NSF, and a credit memo for $900 representing bond interest collected by the bank inthe name of Wizards Inc. Cash on hand at September 30 recorded and awaiting deposit amounted to$1,680.91.Instructions(a) Prepare a bank reconciliation (to the correct balance) at September 30, for Wizards Inc. from theinformation above.(b) Prepare any journal entries required to adjust the cash account at September 30

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