Andy Electronics Inc. deposits all receipts intact on the day received and

makes all payments by cheque.

On July $31,2023,$ after all postings was completed, its Cash account

showed an $$8,042$ debit balance.

However, Andy Electronics Inc$$s July $31$ bank statement showed only

$$9,915$ on deposit in the bank on that day along with the following

outstanding cheques:

Chq# $007$ for $$1,260$

Chq# $011$ for $$95$

Chq #$019$ for $$1,340$

Bank statement also shows a wire transfer for $$3,000$ to company$$s

account dated July $30,2023.$

Included with the July cancelled cheques returned by the bank was a $$42$

debit memo for bank services.

Cheque #$919,$ returned with the cancelled cheques, was correctly drawn

for $$892$ 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 $$982.$

The July $31$ cash receipts, $$3,925,$ were placed in the bank$$s night

depository after banking hours on that date and were unrecorded by the

bank at the time the July bank statement was prepared.

The bank statement shows $$55$ of interest earned on one of its Saving

accounts.

Required

a$.$ Prepare a bank reconciliation for Andy Electronics Inc. at July $31,$

$2023$

b$.$ Give the journal entries that Andy Electronics Inc. should make

because of having prepared the bank reconciliation in part $($a$).$