Item8 15 points Time Remaining 48 minutes00:48:00 Item 8 Time Remaining 48 minutes00:48:00 The bank reconciliation prepared by Winfield Construction on June 30, 2023, appeared as follows: Winfield Construction Bank Reconciliation June 30, 2023 Bank statement balance $ 8,100 Book balance $ 8,640 Add: Deposit of June 30 in transit 1,230 $ 9,330 Deduct: Outstanding cheque #14 690 Adjusted bank balance $ 8,640 Adjusted book balance $ 8,640 The Cash account in the General Ledger appeared as follows on July 31: Cash Acct. No. 101 Date Explanation PR Debit Credit Balance 2023 June 30 Balance 8,640 July 31 CR3 4,259 12,899 31 CD6 2,646 10,253 A list of deposits made and cheques written during July, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below: Deposits Made July 8 $ 1,090 11 1,410 24 1,219 31 540 Total July Cash Receipts $ 4,259 Cheques Written No. 52 $ 1,513 53 814 54 319 Total July Cash Disbursements $ 2,646 The following bank statement is available for July: Bank Statement To: Winfield Construction July 31, 2023 Bank of Montreal Cheques/Charges Deposits/Credits Balance 8,100 NSF 07/02 393 07/02 1,230 8,937 #52 07/08 1,513 07/08 1,090 8,514 #96 07/11 357 07/11 1,410 9,567 07/24 1,219 10,786 #54 07/31 319 07/31 10,467 NSF = Not Sufficient Funds SC = Service Charge PMT = Principal Payment INT = Interest In reviewing cheques returned by the bank, the bookkeeper noted that cheque #96 written by Winburn Construction in the amount of $357 was charged against Winfields account in error by the bank. The NSF cheque was regarding a customer account, Jim Anderson. Required: 1. Prepare a bank reconciliation at July 31