Exercise 7-24 Sharon Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $35,000 Add: Deposits in transit 7,700 Deduct: Outstanding checks (10,000) Balance per books $32,700 Month of July Results Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) Per Bank Per Books $43,250 $46,250 22,500 29,050 20,000 15,500 7,500 75 1,675 Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. SHARON LANSBURY COMPANY Bank Reconciliation July 31 || Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit