Hathaway Companys general ledger shows a cash account balance of $23,290 on July 31, 2024. Cash sales of $1,839 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $51 and an NSF check from a customer of $310. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,470. The bank statement shows a balance of $22,560 on July 31.

Required:

1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024.

2. Record the necessary entry(ies) to adjust the balance for cash.