PR 7-3B Bank reconciliation and entries Obj. 5 The cash account for Stone Systems at July 31, 2045, indicated a balance of $17,750. The bank statement indicated a balance of $33,650 on July 31, 2015. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: SHOW ME NOW A. Checks outstanding totaled $17,865. EXCEL TEMPLATE B. A deposit of $9,150, representing receipts of July 31, had been made too late to appear on the bank statement. C. The bank had collected $6,095 on a note left for collection. The face of GENERAL LEDGER the note was $5,750. D. A check for $390 returned with the statement had been incorrectly recorded by Stone Systems as $930. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account. E. A check drawn for $1,810 had been incorrectly charged by the bank as $1,180. F. Bank service charges for July amounted to $80. Instructions 1. Prepare a bank reconciliation. Answer Check Figure: Adjusted balance: $24,305 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Stone Systems on July 31, 20YS, what amount should be reported as cash