Balance, 7/31 $6,500 Total disbursements $36,379 Required: 1. Prepare a bank reconciliation for July. Morse Corporation Bank Reconciliation Schedule July 31 $ 5,142 Cash balance from bank statement Add: Deposits in transit 35,270 Less: Outstanding checks: 191 37 194 227 195 1,123 36,379 x Adjusted cash balance 677 X Cash balance from company records $ 6,500 Less: Service charge $ 18 NSF check 5,735 x Adjusted cash balance July cash transactions and balances on Morse's records are shown in the following T-account: Cash Balance, 6/30 $7,609 Amount Deposited Check Number Check Amount Check Number Check Amount Date 7/1 186 $1,880 176 177 7/5 187 634 7/15 178 188 3,780 $12,500 9,100 7,000 4,620 2,050 $35,270 $8,100 97 4,000 311 7,100 4,500 790 7/29 7/30 189 190 649 1,492 37 350 Total deposits 181 191 183 193 184 227 286 414 185 195 1,123 Balance, 7/31 $6,500 Total disbursements $36,379 Required: 1. Prepare a bank reconciliation for July. Morse Corporation Bank Reconciliation Schedule Tuly 31 July cash transactions and balances on Morse's records are shown in the following T-account: Cash Balance, 6/30 $7,609 Check Number Check Amount Check Amount Date Check Number 186 187 7/1 $8,100 Amount Deposited $12,500 9,100 7,000 4,620 2,050 176 177 7/5 97 178 188 7/15 7/29 7/30 179 189 4,000 311 7,100 4,500 $1,880 634 3,780 649 1,492 37 350 180 Total deposits $35,270 181 790 34 575 193 194 183 184 286 185 Total disbursements 414 195 227 1,123 $36,379 Balance, 7/31 $6,500 Required