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	$	55,928
Deposits		179,700
Checks processed		(192,810)
Service charges		(40)
NSF checks		(1,300)
Monthly loan payment deducted directly by bank from account (includes $320 in interest)		(3,420)
Balance, July 31, 2018	$	38,058

The companys 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.

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 Record transaction to correct error in recording cash receipt from credit customer. Note: Enter debits before credits Event General Journal Debit Credit Record the credits to cash revealed by the bank reconciliation. Use the miscellaneous expense account to record the bank service charges. lote: Enter debits before credits Event General Journal Debit Credit 2