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 $2018$ bank statement included the following information:

Balance, July $1,2018$ $ $56,303$

Deposits $180,000$

Checks processed $(193,110)$

Service charges $(55)$

NSF checks $(1,450)$

Monthly loan payment deducted directly by bank from account

$($includes $$470$ in interest$)(3,570)$

Balance, July $31,2018$ $ $38,118$

The company$$s general ledger account had a balance of $$39,768$ at the end of July. Deposits outstanding totaled $$6,800$ and all checks written by the company were processed by the bank except for those totaling $$8,470.$ In addition, a $$2,500$ July deposit from a credit customer was recorded as a $$250$ debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $$55$ disbursement was incorrectly processed by the bank as a $$550$ 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.