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 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted directly by bank from account (includes $720 in interest) Balance, July 31, 2018 $ 56,928 180,500 (193,610) (80) (1,700) (3,820) $ 38,218 The company's general ledger account had a balance of $40,618 at the end of July. Deposits outstanding totaled $7,300 and all checks written by the company were processed by the bank except for those totaling $8,520. In addition, a $3,000 July deposit from credit customer was recorded as a $300 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $80 disbursement was incorrectly processed by the bank as a $800 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the month of July. 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. 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 Add: Deposits outstanding Less: Checks outstanding Add: Bank error in recording check Corrected cash balance Book Balance to Corrected Balance Balance per books Add: Error in recording cash receipt Less: Service charges Less: NSF checks Less: Automatic monthly loan payment Corrected cash balance Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record transaction to correct Srror in recording cash receipt from credit customer. Note: Enter debits before credits. Event General Journal Debit Credit 1 Cash Accounts receivable Record entry Clear entry View general journal