Exercise 4-9B Calculate the balance of cash using a bank reconciliation (LO4-5) A company general ledger shows a checking account balance of $22,790 on July 31, Year 1. The July cash receipts of $1,705, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $37. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,280. The bank statement shows a balance of $22,328 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, Year 1. (Amounts to be deducted should be indicated with a minus sign.) Bank Reconciliation July 31, Year 1 Bank's Cash Balance Company's Cash Balance Per Bank Statement $ 22,328 Per General Ledger $ 22,790 Deposits Outstanding Checks Outstanding 1,705 Service Fees (1.280) (37) Bank Balance per Reconciliation $ 22.753 Company Balance per Reconciliation S 22,753