Bank Reconciliation and Entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository after banking hours. The date required to reconcile the bank statement as of July 31 have been taken from various documents and records and are repreduced as follows. The sources of the date are printed in capital letters. All checks were written for payments on account. $9,422.90 BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30): Cash balance according to bank statement Add deposit of June 30, not recorded by bank Deduct outstanding checks: 780.80 Na, 580 $310.10 No. 602 B5.SO No. 512 92.50 137.50 (625.60) $9,570.00 $9,605.70 (27.70 $9,570.00 No. 513 Adjusted balance Cash balance according to company's records Deduct bank service charges Adjusted balance a diance CASH ACCOUNT: Balance as of July 1 CASH RECEIPTS FOR MONTH OF JULY DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in July $ 9,578.00 6.165.42 Date Amount Date Amount Date Amount $713.45 July 2 $560.50 July 12 $589,20 luly 23 5 16 600.10 26 601.50 701.80 19.24 9 19 701.26 31 1,1777 CHECKS WRITTEN Number and amount of each chack issued in July Check No. Amount Check No, Amount Check No. Amount 614 621 626 $837.70 $243.50 350.10 $309.50 Void 615 622 629 329.90 616 279.90 623 Void 630 882.80 1,081.56 617 395.50 624 707.01 631 613 435.40 625 156.63 632 325.40 619 320.10 626 550.03 633 310.08 620 238.87 627 381.73 634 241.71 Total amount of checks issued in July $8,379.42 Click here to see JULY BANK STATEMENT. Required: 1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. When required, enter amounts in dollars and cents. Sunshine Interiors Bank Reconciliation July 31, 2045 Cash balance according to bank statement 00 Adjusted balance 00! Cash balance according to company's records DIO DOO $ Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. a. 20Y5 July 31 110 111 lll II b. July 31 3. What is the amount of Cash that should appear on the balance sheet as of July 31? 4. Assume that a canceled check for $180 has been incorrectly recorded by the bank as $1,800. Select how the error would be included in a bank reconciliation and how it should be corrected. Treatment To correct