P7-5A Cayemberg AG maintains a checking account at the Commerce Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Bank P ar (L Balance, July 1 July receipts July credits July disbursements July debits Balance, July 31 Per Books 17,600 16,791 81,100 82,470 77,150 74,756 21,550 24,505 Analysis of the bank data reveals that the credits consist of 81,000 of July deposits and a credit memorandum of 1,470 for the collection of a 1,400 note plus interest revenue of 70. The July debits per bank consist of checks cleared 74,700 and a debit memorandum of 65 for printing additional company checks. You also discover the following errors involving July checks: (1) A check for 230 to a creditor on account that cleared the bank in July was journalized and posted as 320. (2) A salary check to an employee for 255 was recorded by the bank for 155. The June 30 bank reconciliation contained only two reconciling items: deposits in transit 7,000 and outstanding checks of 6,200. Instructions (a) Prepare a bank reconciliation at July 31, 2017. (b) Journalize the adjusting entries to be made by Cayemberg. Assume that interest on the note has not been accrued.