Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Hazelton as a $220 disbursement for utilities expense. The bank statement listed a NSF check from a customer of $150. Show all computations. a. Prepare the bank reconciliation. b. Prepare the adjusting journal entry or entries.