On July 31, 2012, Fraiser Company had a cash balance per books of $6,140. The statement from Nashota State Bank on that date showed a balance of $7,690.80. A com- parison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $25. 2. The bank collected a note receivable of $1,500 for Fraiser Company on July 15, plus $30 of interest. The bank made a $10 charge for the collection. Fraiser has not ac- crued any interest on the note. 3. The July 31 receipts of $1,193.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. CompanycheckNo.2480issuedtoT.Crain,acreditor,for$384thatclearedthebank in July was incorrectly entered in the cash payments journal on July 10 for $348. 5. Checks outstanding on July 31 totaled $1,860.10. 6. On July 31, the bank statement showed an NSF charge of $575 for a check received by the company from K. Fonner, a customer, on account. Instructions (a) Prepare the bank reconciliation as of July 31. (b) Prepare the necessary adjusting entries at July 31