The following information is for Neopolitan Ltd. in July:
1. Cash balance per bank, July 31, $10,670
2. Cash balance per books, July 31, $8,953
3. Bank service charge, $40
4. Deposits in transit, $1,968
5. Electronic receipts from customers in payment of their accounts, $1,276, not previously recorded by the company
6. Outstanding cheques, $2,359
7. Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was written for the purchase of office supplies.
Instructions
(a) Prepare the bank reconciliation at July 31.
(b) Prepare any adjusting journal entries required from the reconciliation