Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cash account showed a $10,903 debit balance. However, Kesler's July 31 bank statement showed only $10,035 on deposit in the bank on that day along with the following information. a. Outstanding cheques, $2744 b. Included with the July cancelled cheques returned by the bank was a $62 debit memo for bank services Check my work c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $456 in payment of the utility bill and was paid by the bank on July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $546 d. The July 31 cash receipts, $3,640, were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared Required: a. Prepare a bank reconciliation for Kesler Co. at July 31 Bank Statement Bank statement balance KESLER CO Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add Add: SC Sunny 40 ENG 12:32 PM 222-01-12 2 a. Prepare a bank reconciliation for Kester Co. at July 31 Bank Statement Bank statement balance ebook Add: A Deduct ONCO Bank Hacimeletion July 21, Company's Books Book balance of cash Add: Deduct Adjusted bank balance Adjusted book balance Check My work < Prev 2 of 10 Next > 48 D BC Sunny B 400 ENG 12:52 PM 2022-02-12 b. Give the joumal entries that Kesler Co. should make as a result of having prepared the bank reconciliation in part (a) View transaction list Journal entry worksheet ok < 1 2 cev Record to correct utilities error Note: Enter debits before credits. Date Jul 31 General Journal Debit Credit H < Prev 2 of 10 Next > 12:52 PM 0 G 8C Sunny ING 2022-02-12 201 Journal entry worksheet 2 Record bank service charges. Note: Enter debits before credits. Unte Jul 31 General Journal Debit Credit View general journal Record entry Clear entry 12-06-10 Next > Analysis Component Identify whether profit, assets, liabilities, and equity would be over- or understated if the journal entries in part (b) were not recorded (If there is no effect on any of the elements, select "No effect") Book Profit Assets Liabilities Equity e < Prev 2 of 10 Next > L a 8C Sunny A 40 ENG 12:53 PM 2022-02-12