apter 8 Homework stock Show Me How The cash account for Stone Systems at Jul 31 indicated a balance of $17,750. The bank statement indicated a balance of 533.650 on July 31. Comparing the bank statement and the accompanying canceled ched and mamos with the records reveals the following recondling Rems Check outstanding totaled $17,165 A deposit of 59,150, representing receipts of Suly 31, had been made too late to appear on the bank statement The bank had collected $6,095 on a note left for collection. The face of the note was 55.750. d. A check for retumed with the statement had been incorrectly recorded by Stone Systems as $930. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on accoun A check drawn for $1,610 had been incorrectly charged by the bank as $1,180 Bark service charges for July amounted to so Required: 1. Prepare a bank reconciliation Stone Systems Bank Reconciliation July 31 Cinch balance according to bank statement Austed tance Cash bounce according to company's records Adjusted brance | Home the necessary is that increase cath and (b) decrease the courts have not been closed an amount bow does not require an entry leaves an Chey Provo All work saved Sun Augen for Gradie Cat balance according to company's records Adjusted balance 2. Journal the necessary entries (.) that increase cash and (b) that decrease cash. The accounts have not been closed. If an amount box does not require an entry leave it bank Buy 31 Il III IlI. ID July 31 3. If a balance sheet is prepared for Stove System on 31. what amount should be reported as cath? Check My Work