7 Kester 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 $10,889 debit balance. However, Kesler's July 31 bank statement showed only 59.720 on deposit in the bank on that day along with the following information 15 a. Outstanding cheques, $2,658 b. Included with the July cancelled cheques returned by the bank was a $34 debit memo for bank services c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $785 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 5875 d. The July 31 cash receipts, $3,883, 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 Required: a. Prepare a bank reconciliation for Kesler Coat July 31 KESLER CO Bank Reconciliation July 31, 2020 Company's Books Book balance of Bank Statement Bank statement balance Add: Add: 7 KESLER CO. Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add: Bank Statement Bank statement balance Add: 15 points $ 0 $ O Deduct: Deduct: Adjusted book balance Adjusted bank balance View transactions 7 Journal entry worksheet 15 Points Record bank service charges. Note: Enter debit before credits Debit Credit General Journal Date Jul 31 View all Clear entry Record entry Next 7 15 Analysis Component: Identify whether profit, assets, Habilities and equity would be over: or understated if the journal entries in partib) were not recorded (If there is no effect on any of the elements, select "No effect") points Profit Assets Liabilities Equity