On August 1, 2019, the accountant for Western Imports downloaded the companys July 31, 2019, bank statement from the banks website. The balance shown on the bank statement was $28,760. The July 31, 2019, balance in the Cash account in the general ledger was $14,042.

Jenny Irvine, the accountant for Western Imports, noted the following differences between the banks records and the companys Cash account in the general ledger:

An electronic funds transfer for $14,600 from Foncier Ricard, a customer located in France, was received by the bank on July 31.

Check 1422 was correctly written and recorded for $1,200. The bank mistakenly paid the check for $1,280.

The accounting records indicate that Check 1425 was issued for $60 to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $90.

A deposit of $900 made after banking hours on July 31 did not appear on the July 31 bank statement.

The following checks were outstanding: Check 1429 for $1,249, and Check 1430 for $141.

An automatic debit of $262 on July 31 from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records.

Required:

Prepare a bank reconciliation for the firm as of July 31.

Record general journal entries for the items on the bank reconiliation that must be journalized.

Analyze: What effect on total expenses occurred as a result of the general journal entries recorded?