1. On July 31, 2021, the Cash account of Green Giant (GG) had a balance of $46,150. On that date, the bank statement indicated a balance of $56,922.

2. A $1,700 cheque of a customer, Raya Sidhu, was returned by the bank because of non-sufficient funds. The bank charged GG a $60 NSF fee.

3. The Accounts Payable clerk recorded a supplies expense payment of $160 as $1,600. Cheque #574 was correctly written for $160.

4. After reviewing the June 30, 2021 bank reconciliation, cheque #567 for $3,450 written to Produce Corp's had still not cleared the bank in July.

5. In checking the disbursements journal, cheques #573 for $4,725 and #585 for $5,225 did not appear on the July bank statement.

6. There was an $8 service charge on the bank statement.

7. The bank reported an EFT credit memorandum for the collection of a receivable from Jake Waters of $6,300. A second credit memoranda was identified for $300 representing interest earned on the bank account.

8. The bank has not credited the company's account for a $4,200 deposit made on July 30 and a $4,700 deposit made on July 31.

Instructions

a) Prepare a bank reconciliation for GG as at July 31, 2021.

b) Prepare the necessary journal entries to adjust GG's' records based on the bank reconciliation.