Current Attempt in Progress On July 31, 2022, Larkspur Company had a cash balance per books of $ 6,355. The statement from Dakota State Bank on that date showed a balance of $ 7,905.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $ 19. 2. The bank collected $ 1,630.00 for Larkspur Company through electronic funds transfer. 3. The July 31 receipts of $ 1,309.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $ 394 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $ 349. LO Checks outstanding on July 31 totaled $ 1,979.10. 6. On July 31, the bank statement showed an NSF charge of $ 685.00 for a check received by the company from W. Krueger, a customer, on account. LARKSPUR COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement 7905.80 Add V: Deposits in transit 1309.30 9215.10 Less V: Outstanding checks 1979.10 i Adjusted cash balance per bank $ 7236 Cash balance per books $ 6355 Add : Electronic funds transfer received 1630 7985 Less : Bank service charge $ 19 i NSF check 685 i Error in recording check No. 2480 45 i 749 Adjusted cash balance per books $ 7236 (b) Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Accts. Accts. Rec. Cash + = Pay. + Rev. July 31 31 31 31