Analysis of the bank data reveals that the credits consist of $79,000  of July deposits and a credit memorandum of $3,470 for the collection of a $3,400note plus interest revenue of $70.  The July debits per bank consist of checks cleared $74,700 and a debit memorandum of $56 for printer additional company checks. You also discover the following errors involving July checks:  (1)A check for $230 to a creditor on account that cleared the bank in July was journalized and posted as $320.  (2) A salary check to an employee for$255 was recorde3d by the bank for $155.The June 30 bank reconciliation contained only two reconciling items:  deposits in transit $7,000 and outstanding checks for $6,200.


Instructions
(a)Prepare a bank reconciliation at July 31.(b)Journalize the adjusting entries to be made by Haver man Company at July 31. Assume that interest on the note has not been accrued.