Prepare a July 31 bank reconciliation statement and the resulting journal entries for the Simmons Company.  The July 31 bank statement indicated a cash balance of $9,610, while the cash ledger account on that date shows a balance of $7,430.
1. Outstanding checks totaled $2,417.
2. A $500 check mailed to the bank for deposit had not reached the bank at the statement date.
3. The bank returned a customer’s NSF check for $225 received as payment of an account receivable.
4. The bank statement showed $30 interest earned on the bank balance for the month of July.
5. Check 781 for supplies cleared the bank for $268 but was erroneously recorded in our books as $240.
6. A $486 deposit by Acme Company was erroneously credited to our account by the bank.