Exercise 7-34 (Algo) Bank reconciliation and adjusting entries (Appendix 7A] Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2021 bank statement included the following information: Balance, July 1, 2021 Deposits Checks processed Service charges NSF checks Monthly payment on note, deducted directly by bank from account (includes $320 in interest) Balance, July 31, 2021 $ 55,928 179,700 (192,810) (40) (1,300) (3,420) $ 38,058 The company's general ledger account had a balance of $39,258 at the end of July. Deposits outstanding totaled $6,500 and all checks written by the company were processed by the bank except for those totaling $8,440. In addition, a $2,200 July deposit from a credit customer was recorded as a $220 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $40 disbursement was incorrectly processed by the bank as a $400 disbursement. Required: 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Required 1 Required 2 Prepare a bank reconciliation for the month of July. Bank Balance to Corrected Balance Balance per bank statement Corrected cash balance Book Balance to Corrected Balance Balance per books Corrected cash balance View transaction list Journal entry worksheet 1 2 > Record transaction to correct error in recording cash receipt from credit customer. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet