P7-3A Prepare a bank reconciliation and adjusting entries. On July 31, 2017, Keeds Company had a cash balance per books of $6,140. The statement from Dakota State Bank on that date showed a balance of $7,690.80. A comparison 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 $1,520 for Keeds Company through electronic funds transfer 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.Company check No. 2480 issued to L. Taylor, a creditor, for $384 that cleared the bank 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. 6.0n July 31, the bank statement showed an NSF charge of $575 for a check received by the company from W. Krueger, a customer, on account Instructions (a) Prepare the bank reconciliation as of July 31. Adjusted cash bal. Prepare the necessary adjusting entries at July 31. $7,024.00 (b)