Bank Reconciliation and Entries The cash account for Stone Systems at Suly 31, 2045, indicated a balance of $12,070. The bank statement indicated a balance of $16,990 on July 21, 2045. Comparing the bank statement and the accompanying coceled checks and memos with the records reveals the following reconciling items! a. Check outstanding totale 55.970. b. A deposit of 55,220, representing recepts 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 $600 retumed with the statement had been incorrectly recorded by Stone Systems as 5660. The check was for the payment of an obligation to Hovland on for the purchase of office supplies on account e. A check drawn for $800 had been incorrectly charged by the bank as 580 1. Bank service charges for July amounted to $50 Required 1. Prepare a bank receclution 2. Joumalize the necessary entries (a.) that crease cath and (b) that decrease cath. The accounts have not been doned. an amount box does not require an entry 1. leave it blank 2015 July 31 Cash Notes Receivable Intereste Accounts Payable-Holland Cod July 31 . holandesheet presied toe Storie System on July 1, 2005, what amount should be reported