Ex 10 The following information applies to the Frankie Computer Repairs checking account on July 31, 20X2. 1) The cash balance per the bank on July 31, 20X2, $7,263. 2) The bank service charges for July were $28. 3) Cash balance in the company's Cash account in the Ledger on July 31, $7,257. 4) Deposits which were "in Transit" on July 31, $1,500. 5) The bank had collected and deposited, on behalf of the company, a note receivable of $900 due to the company plus interest, $917. 6) As of July 31, several of the checks written by the company and sent to vendors had not yet been received by the bank, $590. 7) There was a recording error by the company when a check written to pay an account payable was written for $25, but recorded for $52. It was discovered when the Cash Payment Journal was compared with the checks that were shown on the bank statement. (a) Prepare a bank reconciliation for Frankie at July 31. (b) Remember that just preparing the Bank Reconciliation does not change the fact that the Cash account in the Ledger is still showing $7,257. Journalize the entries needed at July 31 to bring the Cash account in the Ledger to its proper amount