Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 2045, indicated a balance of $13,245. The bank statement indicated a balance of $16,600 on July 31, 2015. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: a. Checks outstanding totaled $5,980 b. A deposit of $6,230, representing receipts of July 31, had been made too late to appear on the bank statement. c. The bank had collected $3,240 on a note left for collection. The face of the note was $3,070. d. A check for $400 returned with the statement had been incorrectly recorded by Stone Systems as $440. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account e. A check drawn for $400 had been incorrectly charged by the bank as $40 1. Bank service charges for July amounted to $35 Required: 1. Prepare a bank reconciliation Stone Systems Bank Reconciliation July 31, 2015 Cash balance according to bank statement no Total deductions Adjusted balance Cash balance according to company's records Adjustments: 0 . Total deductions Adjusted balance Cash balance according to company's records Adjustments: Total editions Adjusted balance 2. Journal the necessary entries (a) that increase can and (b) that decrease cash. The accounts have not been dosed. I an amount box does not require an entry. Have it blank 2015 Xuly 31 July 31 3. 11 a balance sheet were prepared for Stone Systems only, 2015, what amount should be reported as cach