Inscructions 1. Prepare a bank reconcitiation as of July 31,20y0. If errors in recordine deponits ot checks are discovered, assume that the ercors were made by the company: Assume that all deposits are: from cash sales. All checks are written to satisfy accounts payable. 2. Journalize the necessary entries. 3. What is the amount of cash that should appear on the balance shect as of july 31,200z 4. Assume that a canceled check for $180 has becn incorrecty tecoeded by the bank as $1,800. Briefly explain how the errot would be included on a bank reoonciliation and how it. should be corrected. Make a Decision Days' Cash on Hand MAD 7-1 Analyze and compare Amazon.com to Netlix Amazon.com, Inc. (AMZN) is one of the largest Intemet retailers in the world. Netnix, Inc. (NFLX) provides digital streaming and DVD rentals in the United States, Amaxon and Netfix compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreciation expense from towned as follows for both companies (in millions): decimal place. Interpret the results. JULY BANK STATERENE: PR 7-5B Bank reconciliation and entries Obj. 5 Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31,20Y0, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. CHECKS WRITTEN: Number and amount of each check issued in July: (Continued)