Bank Reconcilliation and Entries...

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $10,620, The bank statement indicated a balance of $13,810 on July 31,20Y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconcling items: a. Checks outstanding totaled $4,970. b. A deposit of $5,180, representing receipts of July 31 , had been made too late to appear on the bank statement: c. The bank had coliected $2,690 on a note left for collection. The face of the note was $2,550. 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 $800 had been incorrectly charged by the bank as $80. f. Bank service charges for July amounted to $50. Required: 1. Prepare o bank reconcitiation. 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 blonk. 3. If a balance sheet were prepared for stone Systems on July 31, 20Y5, what amount should be reported as cash