E7-8 The following information pertains to DeVries Company. 1. Cash balance per bank, July 31, $7,328. 2. July bank service charge not recorded by the depositor $40. 3. Cash balance per books, July 31, $7,280. 4. Deposits in transit, July 31, $1,700. 5. Note for $1,000 collected for DeVries in July by the bank, plus interest $36 less fee $20. The collection has not been recorded by DeVries, and no interest has been accrued. 6. Outstanding checks, July 31, $772. Instructions (a) Prepare a bank reconciliation at July 31, 2007. (b) Journalize the adjusting entries at July 31 on the books of DeVries Company