JK Ltd provides you with the following reconciling information in preparing its July bank reconciliation statement Cash balance per books, 7/31 $24,000 Deposits in transit 1.300 Notes receivable and interest collected by bank 5,100 Bank charge for check printing 80 Outstanding checks 8,200 a. The adjusted cash balance per books on July 31 will be (Prepare a reconciliation statement). (3 marks) (b. Give reasons for your support to Electronic Fund Transfer (EFT) System in organizations. (1 mark