On July 31, 2021, Sam Company had a cash balance per the books of $6,140. The statement from Big Bank USA on that date showed a balance of $7,690. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank serve charge for July was $25. 2. The bank collected $1,520 for Richardson company through electronic funds transfer. 3. The July 31 cash receipts of $1,193.30 were not included in the bank statement for July. 4. Company check No. 2480 issued to J. Smith, for $384 that cleared the bank in July was incorrectly recorded as $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 D. Thomas, a customer, on account. (a)Prepare the bank reconciliation as of July 31. (b) Prepare the necessary adjusting entries at July 31