Bank reconciliation and entries canceled checks and memos with the records reveals the following reconciling items:

a$.$ Checks outstanding totaled $$4,430.$

b$.$ A deposit of $$4,620,$ representing receipts of July $31,$ had been made too late to appear on the bank statement.

c$.$ The bank had collected $$2,400$ on a note left for collection. The face of the note was $$2,280.$

e$.$ A check drawn for $$500$ had been incorrectly charged by the bank as $$50.$

f$.$ Bank service charges for July amounted to $$30.$

Required:

$1.$ Prepare a bank reconciliation.

$2.$Journalize the necessary entries $($a$.)$that increase cash and $($b$.)$ that decrease cash. The accounts have not been closed. If an amount box does no require an entry, leave it blank.

$20$Y$5$ July $31$

July $31$

$3.$If a balance sheet were prepared for Stone Systems on July $31,20$Y$5,$ what amount should be reported as cash?