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 $10,921 debit balance. However, Kesler's July 31 bank statement showed only $10,085 on deposit in the bank on that day along with the following information, a. Outstanding cheques. $2.759. b. Included with the July cancelled cheques returned by the bank was a $16 debit memo for bank services. c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $345 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 $435. d. The July 31 cash receipts, $3,669, 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. KESLER CO. Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Bank Statement Bank statement balance Add: Add: $ 0 $ 0 Deduct: Deduct: Adjusted bank balance Adjusted book balance b. Give the journal entries that Kesler Co should make as a result of having prepared the bank reconciliation in part View transaction list Journal entry worksheet 1 2 Record to correct utilities error Note: Enter debits before credits Date General Journal Debit Credit Jul 31 Record entry Clear entry View general Journal 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".) Profit Assets Liabilities Equity