On August 1, 2013, the accountant for Far West Imports downloaded the company's July 31, 2013, bank statement from the bank's Web site. The balance shown on the bank statement was $28,810. The July 31, 2013, balance in the Cash account in the general ledger was $13,687. Jenny Irvine, the accountant for Far West Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger. a. An electronic funds transfer for $14,900 from Foncier Ricard, a customer located in France, was received by the bank on July 31. b. Check 1422 was correctly written and recorded for $1,200. The bank mistakenly paid the check for $1,230. c. The accounting records indicate that Check 1425 was issued for $69 to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $99. d. A deposit of $850 made after banking hours on July 31 did not appear on the July 31 bank statement. e. The following checks were outstanding: Check 1429 for $1,254, and Check 1430 for $146. f. An automatic debit of $267 on July 31 from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records. 1. Prepare a bank reconciliation for the firm as of July 31. (Input all amounts as positive values. Omit the "$" sign in your response.) FAR WEST IMPORTS Bank Reconciliation Statement July 31, 2013 Balance on bank statement Additions: Check 1422 Deposit of July 31 in transit %24 %24 FAR WEST IMPORTS Bank Reconciliation Statement July 31, 2013 Balance on bank statement Additions: Check 1422 Deposit of July 31 in transit Deductions for outstanding checks: (Click to select) (Click to select) Total outstanding checks Adjusted bank balance Balance in books Additions: (Click to select) Deductions: (Click to select) (Click to select) Adjusted book balance %24 %24 %24 %24 %24 %24 %24 %24 2. Record general journal entries for the items on the bank reconciliation statement that must be journalized as of July 31, 2013. (Omit the "$" sign in your response.) Date General Journal Debit Credit July 31 EFT received on account from Foncier Ricard (Click to select) (Click to select) July 31 To correct error for Check 1425 (Click to select) (Click to select) July 31 To record online payment to CentralComm (Click to select) (Click to select) Analyze: What effect on total expenses occurred as a result of the general journal entries recorded? (Omit the "$" sign in your response.) Total expenses (Click to select) : by $|