Required Prepare the journal entries to record these transactions.

The cash receipts deposited in July, including receipts of July 31, amounted to \(\$ 5,178.30\). Tiffany wrote these checks in July:

The cash balance per the ledger on July 31, 1999, was \(\$ 30,766.37\).
Prepare a bank reconciliation as of July 31, 1999, and any necessary journal entry or entries to correct the accounts.

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Balance, June 30 Add: Deposit not credited by bank Total Less: Outstanding checks: No. 724 Cash Bank Account Statement $29,143.36 $28,644.31 942.60 $29,586.91 $ 18.45 No. 886 15.00 No. 896 143.55 No. 897 187.65 No. 898 78.90 443.55 Adjusted cash balance, June 30 $29,143.36 $29.143.36