On August 1, 20X1, the accountant for Westem imports downioaded the company's July 31, 20X1, bonk stotement from the bank's website. The balance shown on the bank statement was $28,790. The July 31,20X, balance in the Cash account in the general ledger was $13,909 Jenny Irvine, the accountant for Western 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 $14,700 from Foncier Ricard, a customer located in France, was recelved by the bank on July 3t. b. Check 1422 was correctly written and recorded for $1,200. The bank mistakenly paid the check for $1,250. c. The accounting records indicate that Check 1425 was issued for $60 to make a purchase of supplies. However, examiration of the check online showed that the actual amount of the check was for $90. d. A deposit of $870 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 $1.252 and Check 1430 for $144. f. An automatic debit of $265 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: 1. Prepare a bank reconciliation for the firm as of July 31. 2. Record general journal entries for the items on the bank reconciliation that must be journalized. Analyze: What was the effect on total expenses as a result of the general journal entries recorded