Bank Reconciliation and Entries The cash account for Stone Systems at July 31,20Y5, indicated a balance of $8,815. The olank staternent indicated a balance of $11,660 on July 31,20Y5. Comparing the bank statement and the accompanying canceled cheoks and memos with the records reveals the following reconciling items: a. Checks outstanding totaled $4,200. b. A deposit of $4,370, representing receipts of July 31 , had been made too late to appear on the bank statement. c. The bank had collected $2,270 on a note left for collection. The face of the note was $2,160. d. A check for $700 returned with the statement had been incorrectly recorded by Stone Systems as $770. 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 $800 had been incorrectly charged by the bank as $80 : f. Bank service charges for July amounted to $45. Feedback Check My Work 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 not require an entry, leave it blank. 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 not require an entry, leave it blank. Feedback Check My Work 3. If a balance sheet were prepared for Stone Systems on July 31,20 Y 5 , what amount should be reported as cash? Feedback Check My Work