Exercise 7-34 (Static) 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 NST checka Monthly payment on note, deducted directly by bank from account (Includes $320 in Interest) Balance, July 31, 2021 $ 55,678 179,500 (192, 610) (30) (1, 2001 2.320) 38,018 The company's general ledger account had a balance of $38,918 at the end of July. Deposits outstanding totaled $6,300 and all checks written by the company were processed by the bank except for those totaling $8,420. In addition, a $2,000 July deposit from a credit customer was recorded as a $200 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $30 disbursement was incorrectly processed by the bank as a $300 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the month of July. $ Bank Balance to corrected Balance Balance per bank statement Adit: Deposits outstanding Add: Bank error in recording check 38,016 6.300 30 270 $ 44 588 $ Corrected cash balance Book Balance to corrected Balance Balance per books Loss Service charges Less: NSF checks Less Monthly payment on note DOO 38,918 (30 (1.200 Corrected cash balance Required 2 >